From at least March 2021 to September 2022, Silver Oak's supervisory system, including written supervisory procedures, was not reasonably designed to supervise the use, dissemination, and preservation of consolidated reports. Between March 1, 2021, and March 31, 2022, the firm failed to timely review over 100 consolidated reports distributed by the firm's registered representatives during customer meetings. Additionally, Silver Oak's WSPs failed to address the maintenance of electronic or physical copies of consolidated reports or source data used in the reports until September 2022.