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

NASAA Releases 1st Annual Report on State-Registered IAs
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Hedge Fund Firm Charged for Asset Mismarking and Insider Trading
CFO Charged with Failing to Supervise Portfolio Managers

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SEC Commissioner Piwowar Submits Resignation to President Trump
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Accountants Charged with Custody & Compliance Rules Violations
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SEC Launches SALI - Action Lookup for Individuals
“SALI” Tool Will Allow Investors to Identify Individuals Subject Enforcement Action Orders or Judgments

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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-4913 In the Matter of Tibor Klein

IA-4912 BlackRock Advisors, LLC, et al.
Added to the IA Act UnwrappedTM Regulatory Database Pay to Play Rule 206(4)-5 No-Action/Exemptive Request Tab

Edmunds Private Capital, LLC
Added to the IA Act UnwrappedTM Regulatory Database Family Office Rule 202(a)(11)(G)-1 NoAction/Exemptive Request Tab

LR-24142 SEC v. William M. Jordan

NASAA 2018 Investment Adviser Section Annual Report
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

IA-4911 In the Matter of Yasuna Murakami

South State Advisory, Inc. (SSA) No-Action Letter

LR-24138 SEC v. Premium Point Investments, LP et al.

IA-4910 In the Matter of Steven Ku
IA-4909 In the Matter of Visium Asset Management, LP
Added to the IA Act UnwrappedTM Releases Database and to Risks/Significant Cases under Regulatory Database Rules 206(4)-7 & 206(4)-8

LR-24135 SEC v. Murakami, et al

The Evolving Market for Retail Investment Services and Forward-Looking Regulation — Adding Clarity and Investor Protection while Ensuring Access and Choice (J. Clayton)
Remarks at the PLI Investment Management Institute 2018 (D. Blass)
Speeches added to the IA Act UnwrappedTM Examination Tools Database - 2018 Information

IA-4908 In the Matter of Paul W. Smith

IA-4904 Auditor Independence with Respect to Certain Loans or Debtor-Creditor Relationships
Proposing Release - Proposed amendments to Rule 2-01 of Reg S-X

IA-4907 In the Matter of Daniel H. Glick, CPA

IA-4906 In the Matter of Winter, Kloman, Moter & Repp, S.C., Curtis W. Disrud, CPA, and Paul R. Sehmer, CPA,
Added to the IA Act UnwrappedTM Releases Database and to the Risks/Significant Cases Tab under Regulatory Database Custody Rule 206(4)-2

IA-4905 In the Matter of Gary Yin

IA-4897 In the Matter of Aegis Capital, LLC, Circle One Wealth Management, LLC, Diane W. Lamm, Strategic Consulting Advisors, LLC and David. I Osunkwo

LR-24133 SEC v. Paul W. Smith

IA-4903 In the Matter of Lauramarie Colangelo

Share Class Selection Disclosure Initiative (updated May 1, 2018) 
SEC Division of Enforcement Share Class Selection Disclosure Initiative FAQs (updated May 1, 2018)
Share Class Selection Disclosure Initiative QUESTIONNAIRE for Self-Reporting Advisers 
Share Class Selection Disclosure Initiative QUESTIONNAIRE ATTACHMENT for Self-Reporting Advisers
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

IA-4902 1112 Partners, LLC
Added to the IA Act UnwrappedTM Releases Database and to Regulatory Database Rule 202(a)(11)(g)-1 No-Action/Exemptive Order Tab

IA-4901 In the Matter of Kevin Hamilton

IA-4894 In the Matter of Jeremy R. Lundin

IA-4900 In the Matter of Howard B. Present

IA-4899 In the Matter of Ikenna Ikokwu

IA-4898 In the Matter of Christopher M. Lee a/k/a Rashid K. Khalfani

IA-4896 In the Matter of WCAS Management Corporation
Added to the IA Act UnwrappedTM Release Database and to Regulatory Database Rule 206(4)-8 Risks/Significant Cases Tab

LR-24120 SEC v. Scott Newsholme

IA-4895 In the Matter of Martin Shkreli

LR-24118 SEC v. Daniel H. Glick, et al

IA-4893 In the Matter of Paul Edward "Ed" Lloyd, Jr., CPA

IA-4892 In the Matter of Mark P. French

IA-4891 In the Matter of Frank H. Chiappone, Andrew G. Guzzetti, William F. Lex, Thomas E. Livingston, Brian T. Mayer, and Philip S. Rabinovich

IA-4890 In the Matter of Steven M. Simmons

IA-4889 Proposed Commission Interpretation Regarding Standard of Conduct for Investment  Advisers; Request for Comment on Enhancing Investment Adviser Regulation

IA-4888 Form CRS Relationship Summary; Amendments to Form ADV; Required Disclosures in Retail Communications and Restrictions on the use of Certain Names or Titles
Proposing Release IA-4888, proposed new Rules 204-5 and 211h-1 and proposed amendments to Rules 203-1, 204-1 and 204-2 are reflected in the IA Act UnwrappedTM Regulatory Database.

IA-4887 In the Matter of Saving2Retire, LLC and Marian P. Young

IA-4886 In the Matter of Scott Newsholme

IA-4885 In the Matter of Arlington Capital Management, Inc. and Joseph F. LoPresti

LR-24114 SEC v. Amrit J. S. Chahal

IA-4884 In the Matter of Michael S. Moses

Overview of the Most Frequent Advisory Fee and Expense Compliance Issues Identified in Examinations of Investment Advisers
National Exam Program Risk Alert (April 12, 2018)
Added to the IA Act UnwrappedTM Examination Tools Database - 2018 Information