Clarity and Understanding for the Workplace


Compliance Training CAN be fun!

COMPLIANCE-OPOLY

for Investment Advisers

  • Move around the board landing on Advisers Act Rules
  • Answer Questions related to all aspects of compliance under the Advisers Act
  • Correct answers allow you to be paid Compliance Bucks
  • Purchase Investment Advisory Firms with your Compliance Bucks – others pay you rent!
  • Wrong answers result in Deficiencies
  • Too many Deficiencies get you sent to Enforcement - spend time in Jail with Bernie Madoff!

Compliance-Opoly for Investment Advisers
Score Card

See where additional compliance training may be necessary!

Headline News

IM Posts New Q&A Regarding the Pay to Play Rule
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IA Settles with SEC for Improperly Allocating Expenses to its Private Equity Fund Clients
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Outsourced CCO Sanctioned, Suspended and Fined for False Form ADV Filings
Relied on Estimates from CIO Not Verified for Accuracy
Read more...

False ADV Filings & Failure to Maintain Books & Records
CCO Responsibilities Outsourced, but Lamm - as COO and CCO's direct supervisor - still liable
Read more...

Amended Form ADV and Other-Than-Annual Amendments Raises Questions
DIM Issues No Enforcement Action Response
Read more...

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.

Staff Responses to Questions about the Pay to Play Rule 
Updated Q&A regarding Capital Acquisition Brokers (CABs) offers no-action relief
FAQs updated under IA Act UnwrappedTM Regulatory Database Rule 206(4)-5 and added to the Examination Tools Database - 2017 Information

IA-4748 In the Matter of Stephen S. Eubanks

IA-4747 In the Matter of Institutional Investors Advisory Company

IA-4746 In the Matter of Capital Dynamics, Inc.

IA-4745 In the Matter of David I. Osunkwo
Added to the IA Act UnwrappedTM Releases Database and to Regulatory Database Rule 204-2 Risks/Significant Enforcement Cases

IA-4744 In the Matter of Diane W. Lamm
Added to the IA Act UnwrappedTM Releases Database and to Regulatory Database Rule 204-2 Risks/Significant Enforcement Cases

LR-23905 SEC v. Southridge Capital Management LLC, et al.

IA-4743 In the Matter of Coachman Energy Partners, LLC, and Randall D. Kenworthy

Information Update for Advisers Filing Certain Form ADV Amendments
IM Information Update IM-INFO-2017-06 
Added to the IA Act UnwrappedTM Examination Tools Database - 2017 Information, and linked to Regulatory Database Rule 204-1: Form ADV Amendments

IA-4742 In the Matter of Bryan Wayne Anderson

IA-4737 In the Matter of Bradley T. Smegal

IA-4741 In the Matter of Donald J. Lester

IA-4740 In the Matter of Steven V. McClatchey

Observations from Cybersecurity Examinations
OCIE National Exam Program Risk Alert
Summary of observations from OCIE's examinations conducted pursuant to the Cybersecurity Examination Initiative
Added to the IA Act UnwrappedTM Examination Tools Database - 2017 Information

IA-4739 In the Matter of Black Diamond Asset Management LLC and Robert Wilson

IA-4738 In the Matter of John Thomas Capital Management Group, LLC, et al
Order Cancelling Oral Argument

IA-4736 In the Matter of Cadaret, Grant & Co., Inc.

IA-4735 In the Matter of Lynn Tilton, Patriarch Partners, LLC, et al

IA-4734 In the Matter of Columbia River Advisors, LLC, Benjamin J. Addink and Donald A. Foy
Added to the IA Act UnwrappedTM Releases Database and to Risks/Significant Enforcement Cases under Regulatory Database Rule 206(4)-2 Custody

IA-4733 In the Matter of Brian Kimball Case, Bradway Financial, LLC, and Bradway Capital Management, LLC
Added to the IA Act UnwrappedTM Releases Database and to Risks/Significant Enforcement Cases under Regulatory Database Rules 203(m)-1, 206(4)-2, 206(4)-7 & 206(4)-8