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 Issues Risk Alert Highlighting Compliance Issues Related to Reg S-P

SEC Names Deputy Chief Counsels of the Division of Investment Management

New SEC Campaign Educates Investors on Where and How to Get Answers

COO Fraudulently Caused Advisory Firm to Overbill Clients
Inflated salary by hundreds of thousands of dollars per year

IA Charged with Stealing Millions from Private Fund


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.

LR-24455 SEC v. Motty Mizrahi et al.

IA-5224 In the Matter of Matthew R. Rossi and SJL Capital, LLC

IA & BD Compliance Issues Related to Regulation S-P - Privacy Notices and Safeguard Policies 
OCIE Risk Alert (April 16, 2019) 
Added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

IA-5223 In the Matter of Stanley S. Bae

SECret Garden 
Commissioner Hester M. Peirce at SEC Speaks 2019
Important Issues for Investors in 2019 
Rick Fleming, Investor Advocate at SEC Speaks 2019
Remarks have been added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

IA-5222 In the Matter of Karen Bruton and Hope Advisors, LLC

LR-24449 SEC v. Arif M. Naqvi and Abraaj Investment Management Limited

IA-5221 In the Matter of Martin R. Stancik

LR-24447 SEC v. Gonzalo Ortiz

IA-5220 In the Matter of Ascension Asset Management, LLC and Grenville M. Gooder, Jr.
Protective Order for personally identifiable information

Encouraging Smaller Entrants to Our Capital Markets
Remarks by Commissioner Elad L. Roisman at the 2019 SEC Speaks Conference
Added to the IA Act UnwrappedTM Examination Tools Database - 2019 Information

Management’s Discussion and Analysis of the SEC
SEC Chairman Jay Clayton's Remarks at the 2019 SEC Speaks Conference 
Added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

IA-5219 Notice of Intention to Cancel IA Registration of NeoCap, LLC

LR-24444 SEC v. Scott Newsholme

IA-5218 In the Matter of Alonzo R. Cahoon

IA-5217 In the Matter of Omar Zaki

LR-24435 SEC v. Motty Mizrahi and MBIG Company

LR-24434 SEC v. Richard T. Diver

IA-5216 In the Matter of Gregory M. Bercowy

IA-5215 In the Matter of Dennis Gibb and Sweetwater Investments, Inc.

IA-5214 In the Matter of Ascension Asset Management LLC and Grenville E. Gooder, Jr.

IA-5213 Generation Investment Management US LLP and Generation Investment Management LLP
Added to the IA Act UnwrappedTM Releases Database and to the No-Action/Exemptive Order Tab under Regulatory Database Rule 206(4)-5, Pay to Play

IA-5212 In the Matter of Oscar Francis

LR-24432 SEC v. Direct Lending Investments, LLC

IA-5211 In the Matter of Neil Maxwell

IA-5210 In the Matter of Charles G. Stivers

IA-5209 In the Matter of Karl R. Dierman

IA-5208 In the Matter of Kevin D. Wanner

IA-5207 Regulatory Flexibility Agenda

Wells Fargo Securities LLC
No-Action Letter
Added to the IA Act UnwrappedTM No-Action Letter Database and to the No-Action Tab under Regulatory Database Rule 206(4)-3

PLI Investment Management Institute 2019
Remarks by Paul Cellupica, Deputy Director & Chief Counsel, Division of Investment Management
Added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

IA-5206 FAST Act Modernization and Simplification of Regulation S-K
Final Rule Release

IA-5205 In the Matter of Roy Dekel

IA-5204 In the Matter of Harding Advisory LLC and Wing F. Chau - OPINION

LR-24430 SEC v. Carol Ann Pedersen

IA-5203 In the Matter of Richard G. Cody

ICI Mutual Funds and Investment Management Conference
Keynote Address by Dalia Blass, Director, Division of Investment Management
Added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

ICI Mutual Funds and Investment Management Conference
Keynote Remarks by SEC Commissioner Elad L. Roisman
Added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

IA-5202 In the Matter of Grant Gardner Rogers

IA-5201 In the Matter of Talimco, LLC

IA-5200 In the Matter of Craig Arsenault

LR-24424 SEC v. Dale M. Walker

Edmunds Private Capital, LLC
Amended Application for Exemptive Order under Advisers Act Section 202(a)(11) (definition of "investment adviser") (March 12, 2019)
Added to IA Act UnwrappedTM Regulatory Database Family Office Rule 202(a)(11)(G)-1 No-Action/Exemptive Order Request Tab

Engaging on Non-DVP Custodial Practices and Digital Assets 
Division of Investment Management Letter to K. Barr/Investment Adviser Association (Mar. 12, 2019)
To inform future steps and in light of growth in the variety and complexity of the types of securities and other assets commonly utilized by registered investment advisers that settle on a Non-DVP (delivery-versus-payment) basis, the staff, through the Division’s Analytics Office, has launched an initiative to gather information on Non-DVP practices. The Division also requests comment to further inform consideration of how characteristics of digital assets impact the application of the Custody Rule.
Added to the IA Act UnwrappedTM Examination Tools Database/2019 Information and to the Plain English Description Tab under Regulatory Database Rule 206(4)-2

Release Nos. IA-5123 through IA-5199
SEC Share Class Initiative Returning More Than $125 Million to Investors
79 IAs Who Self-Reported Agree to Compensate Investors Promptly, Ensure Adequate Fee Disclosures