Clarity and Understanding for the Workplace

Brightline Solutions™

Brightline Solutions™ offers a clear, clean, easily-navigable approach to meet daily compliance needs within the financial services industry.

Investment advisers are constantly on the lookout for new solutions to tackle the multitude of challenges, questions and concerns that Compliance Departments face on a daily basis.

Brightline Solutions™ has taken a fresh approach to meet these daily challenges by putting all the pieces of the puzzle together in an easily-navigable format, presenting all the ideas, references, and backup material in one place. As you navigate between rules, releases, guidance, no-action letters, and enforcement cases, along with risks, testing and disclosure requirements – all in one place – a much clearer picture emerges. These puzzle pieces come together to offer you Brightline Solutions™ relational regulatory database - the IA Act Unwrapped™ – which address your daily, weekly, monthly and annual compliance concerns.

The Brightline Solutions™ Approach

A "bright-line rule" is a clearly defined rule or standard, leaving little room for interpretation in an effort to produce predictable and consistent results.

Brightline Solutions™ uses this same predictable, consistent approach as we create the ideal products for the financial services industry. We clearly align research, archiving, data-mapping, programming and design, alongside an unparalleled standard of excellence, to offer products that you can easily use to enhance the clarity and understanding of your daily tasks. We have created products unlike any ever seen in the industry, and have elevated compliance to a new level of sophistication.

Headline News

OCIE to Examine Supervision of Disciplined Individuals
2016 Exam Priorities' “Supervision Initiative”
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IAs Charged With Compliance Failures in Wrap Fee Programs
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Division of Investment Management’s Rulemaking Office - New Deputy Director
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Who Blew the $100 Million Whistles?
How Much Can You Get? – Who Blew the Whistles? – Retaliation – Illegal Severance Agreements – Other Regulators’ Whistleblower Programs
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SEC’s  Whistleblower Program Surpasses $100 Million in Awards
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SEC Adopts Form ADV & Rule Amendments to Enhance Information Reported by IAs
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Updates

Brightline Solutions updates IA Act UnwrappedTM on a daily basis. Recent updates are listed below. Click HERE for a more detailed summary of the information.

IA-4536 In the Matter of Merrill Lynch, Pierce, Fenner & Smith Incorporated

IA-4535 In the Matter of Jack Tagliaferro

LR-23654 SEC v. Daniel Thibeault, et al

Examinations of Supervision Practices at Registered IAs
OCIE Risk Alert
Added to the IA Act UnwrappedTM Examination Tools Database 2016 Information

IA-4532 Political Contributions by Certain Investment Advisers: Ban on Third-Party Solicitation; Order with respect to FINRA Rule 2030

IA-4531 Political Contributions by Certain Investment Advisers: Ban on Third-Party Solicitation; Order with respect to MSRB Rule G-37

IA-4530 List of Rules to be Reviewed Pursuant to the Regulatory Flexibility Act

IA-4529 In the Matter of First Reserve Management, LP

Form ADV - Summary of Changes
Redline markup of changes per Release No. IA-4509
Added to the IA Act UnwrappedTM Examination Tools Database - 2016 Information

IA-4528 In the Matter of Dennis J. Malouf
Corrected Order

IA-4527 In the Matter of George Charles Cody Price

IA-4526 In the Matter of Robert W. Baird & Co. Incorporated
Added to the IA Act UnwrappedTM Releases Database and linked to the term "wrap fee programs" in the Glossary & Definitions Database

IA-4525 In the Matter of Raymond James & Associates, Inc.
Added to the IA Act UnwrappedTM Releases Database and linked to the term "wrap fee programs" in the Glossary & Definitions Database

IA-4524 In the Matter of Eduardo Guillermo Diaz

IA-4523 In the Matter of Aaron Nash Kazinec

IA-4522 In the Matter of Karl E. Hahn

IA-4521 Regulatory Flexibility Agenda

IA-4520 In the Matter of George Charles Cody Price

IA-4518 In the Matter of Paul Mata

IA-4517 In the Matter of David Kayata

IA-4516 In the Matter of Mario Pincheira

IA-4515 In the Matter of Pamella B. Watson

IA-4509 Form ADV and Investment Advisers Act Rules - FINAL RULE
The SEC is adopting amendments to Form ADV that are designed to provide additional information regarding advisers, including information about their separately managed account business, incorporate a method for private fund adviser entities operating a single advisory business to register using a single Form ADV, and make clarifying, technical and other amendments to certain Form ADV items and instructions. The SEC also is adopting amendments to the Advisers Act books and records rule and technical amendments to several Advisers Act rules to remove transition provisions that are no longer necessary.
The amendments become effective 60-days after publication in the Federal Register; IAs must begin complying with the amendments on October 1, 2017.

IA-4514 In the Matter of Douglas F. Drennan

IA-4513 In the Matter of Orinda Asset Management, LLC

IA-4512 Political Contributions by Certain Investment Advisers: Ban on Third-Party Solicitation; Notice of Order with respect to MSRB Rule G-37
IA-4511 Political Contributions by Certain Investment Advisers: Ban on Third-Party Solicitation; Notice of Order with respect to FINRA Rule 2030
Notices added to IA Act UnwrappedTM Regulatory Database Rule 206(4)-5, Pay-to-Play

F-Squared’s Advertisements Circulated by the Respondent Firms Contained Misstatements:
I
A-4508 In the Matter of AssetMark, Inc. (f/k/a Genworth Financial Wealth Management, Inc.)
IA-4507 In the Matter of Congress Wealth Management, LLC
IA-4506 In the Matter of BB&T Securities, LLC
IA-4505 In the Matter of Constellation Wealth Advisors, LLC
IA-4504 In the Matter of Risk Paradigm Group, LLC
IA-4503 In the Matter of Executive Monetary Management, LLC
IA-4502 In the Matter of J.J.B. Hilliard, W.L. Lyons, LLC
IA-4501 In the Matter of Ladenburg Thalmann Asset Management, Inc.
IA-4500 In the Matter of HT Partners, LLC
IA-4499 In the Matter of Banyan Partners, LLC
IA-4498 In the Matter of Prospera Financial Services, Inc.
IA-4497 In the Matter of Schneider Downs Wealth Management Advisors, LP
IA-4496 In the Matter of Shamrock Asset Management, LLC
Added to the IA Act UnwrappedTM Releases Database and to Regulatory Database Rules 204-2 & 206(4)-1 - Risks/Significant Cases Tab.

IA-4495 In the Matter of Lynn Tilton, Patriarch Partners, LLC, et al

IA-4494 In the Matter of WL Ross & Co., LLC

IA-4493 In the Matter of Apollo Management V, L.P., Apollo Management VI, L.P., Apollo Management VII, L.P. and Apollo Commodities Management, L.P.
Added to the IA Act UnwrappedTM Releases Database and to Risks/Significant Cases under Regulatory Database Rules 206(4)-7 & 206(4)-8

IA-4492 In the Matter of Timbervest, LLC, Joel Barth Shapiro, et al

IA-4491 In the Matter of Bennett Group Financial Services, LLC and Dawn J. Bennett

Staff Letter Regarding Rule 206(3)-3T
Added to the IA Act UnwrappedTM Examination Tools Database - 2016 Information, and to the Plain English Description Tab under Regulatory Database Rule 206(3)-3T