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

OCIE Announces 2020 Examination Priorities

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SEC Proposes to Codify Certain Consultations and Modernize Auditor Independence Rules

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SEC Proposes to Modernize Regulation of the Use of Derivatives by Registered Funds and Business Development Companies
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New Frequently Asked Questions on Form CRS
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SEC Revokes Registration of Adviser Engaged in $60 Million Fraud
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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-5435 In the Matter of John Thomas Capital Management Group LLC and George R. Jarkesy Jr.

IA-5434 In the Matter of Inter-American Development Bank

IA-5433 In the Matter of Mark J. Moskowitz

IA-5432 In the Matter of Lester W. Burroughs

LR-24714 SEC v. Michael B. Rothenberg

Frequently Asked Questions on Regulation Best Interest
Added to the IA Act UnwrappedTM Examination Tools Database/2020 Information, and linked to the term "Regulation Best Interest" in the Glossary & Definitions Database

IA-5431 In the Matter of Michael Mindlin

IA-5430 In the Matter of Patrick L. O'Connor

IA-5429 In the Matter of J.P. Morgan Securities LLC

IA-5428 Adjustments to Civil Monetary Penalty Amounts

IA-5427 In the Matter of Bradley C. Mascho

LR-24710 SEC v. ARO Equity, LCC et al

OCIE 2020 National Examination Priorities
Publication has been added to the IA Act UnwrappedTM Examination Tools Database/2020 Information

LR-24709 SEC v. Kelter

IA-5425 In the Matter of Randall S. Goulding

IA-5424 In the Matter of Stephen Condon Peters

IA-5423 In the Matter of Christopher S. Laws

IA-5422 Amendments to Rule 2-01, Qualification of Accountants
Proposing Release has been added to the IA Act UnwrappedTM Releases Database

IA-5421 In the Matter of Bill Tsai

IA-5420 Inter-American Development Bank; Notice of Application

IA-5419 In the Matter of Karen Bruton and Hope Advisors, LLC

IA-5418 In the Matter of Tim Leissner

IA-5417 In the Matter of Randall S. Goulding

IA-5416 In the Matter of Kornitzer Capital Management, Inc., and John C. Kornitzer

IA-5415 In the Matter of Ronald J. Roach

IA-5414
In the Matter of International Investment Group, LLC

Robert Van Grover Esq., Seward & Kissel LLP, No-action letter
Added to the IA Act UnwrappedTM Regulatory Database Rule 206(4)-2: Custody No-Action Letter Tab

LR-24681 SEC v. Lester Burroughs

IA-5413 Use of Derivatives by Registered Investment Companies and Business Development Companies; Required Due Diligence by Broker-Dealers and Registered Investment Advisers Regarding Retail Customers’ Transactions in Certain Leveraged/Inverse Investment Vehicles
Proposing Release - Added to the  IA Act UnwrappedTM Releases Database

Frequently Asked Questions on Form CRS
Added to the IA Act UnwrappedTM Regulatory Database, Rule 204-5: Delivery of Form CRS