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 Ratifies Appointment of Administrative Law Judges
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Cellupica Named Deputy Director of the Division of Investment Management
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Enforcement Division Issues Report on Priorities and FY 2017 Results
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Senate Banking Committee Approves New SEC Commissioners
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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.

ICI Securities Law Developments Conference - Keynote Address 
Dalia Blass Director, Division of Investment Management
Added to the IA Act UnrwappedTM Examination Tools Database - 2017 Information

IA-4824 In the Matter of Institutional Investor Advisers, Inc.

IA-4823 In the Matter of Hortner Investment Management, LLC

IA-4822 In the Matter of Ameriprise Financial Services, Inc.

LR-24003 SEC v. James C. Tao and Donna Boyd (f/k/a Donna Chen)

IA-4821 In the Matter of William P. Carlson, Jr.

IA-4820 In the Matter of Paritosh Gupta, Adi Capital Management LLC, Nehal Chopra, and Ratan Capital Management, LP

IA-4819 In the Matter of Brahman Capital Corp.

IA-4818 In the Matter of Paul Edward "Ed" Lloyd, Jr., CPA

IA-4817 In the Matter of Paul Leon White, II

IA-4816 In re: Pending Administrative Proceedings
SEC Ratifies Appointment of Administrative Law Judges

IA-4815 In the Matter of Lynn Tilton, Patriarch PArtners, LLC, et al

IA-4814 In the Matter of ZPR Investment Management Inc.

IA-4813 In the Matter of Hartford Investment Financial Services, LLC, et al

IA-4812 In the Matter of Gray Financial Group, Inc., Laurence O. Gray, and Robert C. Hubbard, IV

IA-4811 In the Matter of Lawrence E. Penn, III

FY 2017 Enforcement Results
Enforcement Division Report on Priorities and FY 2017 Results
Added to the IA Act UnwrappedTM Examination Tools Database

IA-4810 In the Matter of Stephens Inc.

IA-4804 In the Matter of Donald F. Lathen, Jr., Eden Arc Capital Management, LLC, et al

LR-23984 SEC v. Jay Costa Kelter

IA-4809 In the Matter of Patric Ken Baccam

IA-4808 In the Matter of Paul Edward "Ed" Lloyd, Jr. CPA

IA-4807 In the Matter of Paul H. Ellison

IA-4806 In the Matter of James P. Kolf

IA-4805 In the Matter of Tamer F. Moumen

IA-4803 In the Matter of UBS Financial Services

IA-4802 In the Matter of Kenneth P. Krueger

IA-4801 In the Matter of Canterbury Consulting, Inc.

IA-4800 In the Matter of Augustine Capital Management, LLC, John T. Porter and Thomas F. Duszynski, CPA

Securities Industry and Financial Markets Association (SIFMA)
No-Action Relief under Advisers Act Sec. 202(a)(11)
Temporary No-Action Relief for BDs Receiving Payments for Research from Investment Managers Subject to MiFID II
Added to the IA Act UnwrappedTM No-Action Letters Database

Investment Company Institute
No-Action Relief under Advisers Act Sec. 206
Request for No-Action Relief for Advisers to Aggregate Client Orders
Added to the IA Act UnwrappedTM No-Action Letters Database

IA-4799 In the Matter of Brian J. Keenan

IA-4798 In the Matter of Kevin J. Amell

IA-4797 Stephens Inc.
Added to the IA Act UnwrappedTM Releases Database and to Regulatory Database Rule 206(4)-5 Pay to Play - No-Action/Exemptive Order Tab

LR-23970 SEC v. John H. Rogicki

IA-4796 In the Matter of Brandon P. Long

IA-4795 In the Matter of Jeffrey S. Preston

IA-4794 In the Matter of Paul Edward "Ed" Lloyd, Jr., CPA

IA-4793 In the Matter of Mark Megalli

IA-4791 FAST Act Modernization and Simplification of Regulation S-K
Proposing Release added to the IA Act UnwrappedTM Releases Database
Proposed revisions reflected in IA Act UnwrappedTM Regulatory Database Rule 0-6