Former Securities Regulator Levels Playing Field Between Investors and Industry

Bill Reilly leaves Florida Division of Securities to support broker/dealers and investment advisors at Oyster Consulting.

Jan 09, 2013, 15:29 ET from Oyster Consulting

RICHMOND, Va., Jan. 9, 2013 /PRNewswire/ -- After more than 30 years of service, Florida's former chief of the Bureau of Securities Regulation is joining the compliance and regulatory consulting practice of Virginia-based Oyster Consulting. In his new role as Associate Director, Bill Reilly will support broker/dealers and investment advisors with deep regulatory knowledge, expert testimony, and onsite and offsite examinations. Reilly will also leverage his relationships with state and federal regulators and self-regulatory organizations when guiding clients through both proactive and reactive regulatory processes and compliance issues.

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"Over the past 30 years, I've not only enforced statutes, regulations and administrative rules, I've helped develop them, including amending SEC rules 17a-3 and 17a-4," says Reilly. "Consequently, I understand the thought processes and background information that guide the creation of regulations, and I will help investment professionals use this knowledge to protect their clients and their firms."

During his tenure in Florida, Reilly developed award-winning electronic training programs and examination modules for use by state securities examiners and also served as liaison to the SEC, FINRA and state regulators nationwide.

Bill is a long-time contributor to the North American Securities Administrators Association (NASAA) known for his involvement in state and national initiatives.  Additionally, he led the Florida and NASAA Examiner Training Program for 27 years. NASAA recognized his work with Outstanding Service Awards in 1996, 2001 and 2012. The 2012 award recognized Reilly's lifetime service to the association.

"Bill has a balanced, solution-focused view of investment regulations that we believe perfectly complements Oyster's current consulting work," explains Patrick M. Dennis, founding principal and managing director of Oyster Consulting. "We're excited to see our clients benefit from his expertise."

Oyster Consulting supports wealth management, trading and asset-servicing firms with audit, regulatory, compliance, financial, strategic management, operational and technology consulting services while focusing on creating simplicity in a complex environment. Its team of consultants brings over six centuries of combined experience as senior executives, program managers, developers, department managers, business analysts and subject matter experts. Oyster Consulting's practical solutions help broker/dealers, investment advisors, hedge funds, mutual funds, ETFs, high frequency trading firms and private equity firms to protect and grow their businesses.

Patrick M. Dennis
Founding Principal and Managing Director

SOURCE Oyster Consulting