Clarity and Understanding for the Workplace

IA Act Unwrapped

IA ACT Unwrapped™ is designed specifically to address the daily needs of Investment Adviser Compliance Officers and Securities Attorneys. This subscription-based regulatory library contains information related to the Advisers Act since its inception in 1940. No other company provides a complete, concise directory of information related to the Advisers Act spanning over 70 years! All of our information is housed within the IA Act Unwrapped™ Databases – and our information is updated daily so you will always have access to the most current information available anywhere!

Compliance Strategy Chart

A subscription to IA ACT Unwrapped™ offers you access to the following databases

Regulatory Database Advisers Act Rules Advisers Act Releases
Advisers Act No-Action Letters Enforcement Cases
Examination Tools Glossary & Definitions Search

The IA Act Unwrapped™ REGULATORY DATABASE is designed for daily use by Investment Adviser Compliance Officers and Legal Staff. The Regulatory Database offers matrix-based navigation to all current and proposed rules promulgated under the Advisers Act.

As shown above, in the Regulatory Database every Rule under the Advisers Act is setup with tabs of the following information:

In addition to the matrix-format of the Regulatory Database, IA Act UnwrappedTM contains the following Databases with specific resources.

The IA Act Unwrapped™ ADVISERS ACT RULES Database reflects the current-to-the-day version of the Rules, with historical links to adopting, amending and interpretative Releases. Any pending proposed amendments to the Rules are clearly marked.

The IA ACT Unwrapped™ RELEASES Database contains every Release promulgated under the Investment Advisers Act – from Release IA-1 issued in 1940 through all current Releases, shown in both full and summary format, categorized by type. No other resource offers access to a summary and full text of every Release every issued. This database of almost 4,000 Releases is maintained current-to-the day. These Releases are all full-text searchable.

The IA ACT Unwrapped™ ADVISERS ACT Database contains the complete text of the Investment Advisers Act of 1940, including all recent amendments as mandated under The Dodd-Frank Wall Street Reform and Consumer Protection Act.  It is interesting to note that the SEC’s website does not contain the content of the Advisers Act, but rather links to the Act at another outside source.

The extensive IA ACT Unwrapped™ NO-ACTION LETTER Database contains recent and significant letters issued by the SEC's Division of Investment Management for requests for relief under the Advisers Act. In this Database, you may sort the letters by name, date, or by reference to the rule under which relief was sought.

The IA ACT Unwrapped™ ENFORCEMENT CASE Database contains litigation releases, initial decisions and cases that played a significant role in the history of investment adviser compliance, such as Capital Gains, Arlene Hughes, Steadman, Goldstein, etc.

The IA ACT Unwrapped™ EXAMINATION TOOLS Database contains sample SEC Document Request Lists, Examination Brochures, Sample Sweep Letters, Speeches, Guidance and information from the Division of Investment Management, OCIE, the SEC’s National Exam Program (NEP) and the SEC's Compliance Outreach Program. Our database also lists current Examination Focus areas.

Our IA ACT Unwrapped™ GLOSSARY & DEFINITIONS Database provides wide-ranging information on a multitude of topics relevant to the investment adviser world, and beyond. The Database shows where a term is used, e.g. in Form ADV or Form PF, and also links to significant Cases and Releases that give further information on the importance of the term in specific context.

IA ACT Unwrapped™ contains a very sophisticated SEARCH capability. The Release Database, No-Action Letter Database and Enforcement Database are all full-text (not just “keyword”) searchable. Search by any word and find what you need – instantly!

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Unwrap the mystery of compliance under the Advisers Act. A Subscription to IA Act UnwrappedTM gives you access to all the information you need – any time – any day.

Headline News

SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships with Investment Professionals
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OCIE's Overview of the Most Frequent Advisory Fee and Expense Compliance Issues Identified in Examinations of Investment Advisers
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Reminder: National Compliance Outreach Seminar for IAs & ICs - Thursday April 12th
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Three IAs Ordered to Pay $12 Million for Improper Fees
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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-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

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

LR-24109 SEC v. Capital Cove Bancorp LLC and Christopher M. Lee aka Rashid K. Khalfani

IA-4883 In the Matter of Laura Pendergest-Holt

IA-4882 In the Matter of Troy C. Baldridge

LR-24103 SEC v. Ikenna Ikokwu, et al

IA-4881 In the Matter of Caleb J. Preston

IA-4880 In the Matter of Charles G. Preston

IA-4879 In the Matter of Tobias J. Preston

IA-4878 In the Matter of PNC Investments, LLC

IA-4877 In the Matter of  Geneos Wealth Management, Inc.

IA-4876 In the Matter of Securities America Advisors, Inc.

IA-4875 In the Matter of Clayborne Group, LLC and Dean. A. Heinemann

IA-4874 In the Matter of Joshua D. Mosshart

LR-24094 SEC  v. Michael Scronic

LR-24093 SEC v. Mohammed Ali Rashid

IA-4873 In the Matter of Ajenifuja Investments, LLC

1112 Partners, LLC - Exemptive Request

LR-24089 SEC  v. Kirbyjon Hines Caldwell et al., Shae Yatta Harper

IA-4872 In the Matter of ZPR Investment Management, Inc.

IA-4871 In the Matter of Larry C. Grossman

IA-4870 In the Matter of Howard B. Present

In the Matter of Apollo Management, LP
Added to the IA Act UnwrappedTM Regulatory Database Rule 206(4)-5 NoAction/Exemptive Request Tab

LR-24077 SEC  v. Howard B. Present

LR-24076 SEC v. McKinley Mortgage Co. LLC, et al.

LR-24071 SEC v. Nicholas J. Genovese, Willow Creek Investments, LP, and Willow Creek Advisors, LLC

ICI 2018 Mutual Funds and Investment Management Conference
Dalia Blass - Director, Division of Investment Management Keynote Address

Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

Division of Investment Management - Expanded Use of Draft Registration Statement Review Procedures for Business Development Companies  
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

IA-4869 Regulatory Flexibility Agenda