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

SEC Staff Issues Guidance on Robo-Advisers
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No-Action Relief under the Custody Rule
Standing Letter of Authorization Arrangement (SLOA)
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Morgan Stanley Settles Charges Related to ETF Investments
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IA & President Settle Charges Relating to Misleading Marketing Materials
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Five Most Frequent Compliance Topics Identified in OCIE Exams of IAs
OCIE Issues New Risk Alert
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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-4654 In the Matter of John Austin Gibson, Jr.

IA-4653 In the Matter of Lee P. Vaccaro

Robo-Advisers  
IM Guidance Update 2017-02 (February 23, 2017)
Added to the IA Act UnwrappedTM Examination Tools Database - 2017 Information and to the Risks & Testing Tabs under Regulatory Database Rule 204(4)-7: Compliance Programs

Inadvertent Custody: Advisory Contract Versus Custodial Contract Authority   
IM Guidance Update 2017-01 (February 21, 2017)
Added to the IA Act UnwrappedTM Examination Tools Database 2017 Information and to the Plain English Description & Disclosure Tabs under Regulatory Database Rule 206(4)-2

SEC Staff Responses to Questions about the Custody Rule 
Revision to Custody Rule FAQ 11.4
Added to the IA Act UnwrappedTM Examination Tools Database 2017 Information and to the Plain English Description & Disclosure Tabs under Regulatory Database Rule 206(4)-2

Investment Adviser Association
No-Action Request under Rule 206(4)-2 the Custody Rule
Request for interpretive guidance or no-action relief regarding certain standing letter of authorization arrangements (SLOA)
Added to the IA Act UnwrappedTM No-Action Database and to the No-Action Tab under Regulatory Database Rule 206(4)-2
The term "Standing Letter of Authorization (SLOA) Arrangement" added to the Glossary & Definitions Database

IA-4562 In the Matter of Christopher M. Cunningham

IA-4651 In the Matter of Jay T. Comeaux

IA-4650 In the Matter of James S. Tagliaferri
OPINION of the Commission

IA-4649 In the Matter of Morgan Stanley Smith Barney, LLC
Added to the IA Act UnwrappedTM Releases Database and to the Risks/Significant Cases Tab under Regulatory Database Rule 206(4)-7

IA-4548 In the Matter of Sylvester King. Jr.

IA-4647 In the Matter of Jeffrey Slocum & Associates, Inc., and Jeffrey S. Slocum
Added to the IA Act UnwrappedTM Releases Database and to the Risks/Significant Cases Tab under Regulatory Database Rules 204-2, 206(4)-1 & 206(4)-7

IA-4646 In the Matter of Brett Thomas Graham

IA-4645 In the Matter of Thomas A. Guerriero

Five Most Frequent Compliance Topics Identified in OCIE Exams of IAs
OCIE National Exam Program Risk Alert
Added to the IA Act UnwrappedTM Examination Tools Database - 2017 Information, and to the RISKS Tabs under Regulatory Database Rules 204-2, 204A-1, 206(4)-2 & 206(4)-7

IA-4644 In the Matter of Gregg D. Caplitz

IA-4643 In the Matter of Rosalind Herman

IA-4642 In the Matter of Brown Advisory LLC
Added to the IA Act UnwrappedTM Releases Database and to the No-Action Tab under Regulatory Database Rule 206(4)-5, Pay to Play