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 its full 70 years! A subscription to IA ACT Unwrapped is offered on two levels.

IA ACT Unwrapped Level 1 is designed for daily use by Investment Adviser Compliance Officers and Legal Staff. Level 1 offers matrix-based navigation to all current and proposed rules promulgated under the Advisers Act, with links to: adopting and amending rule releases; pertinent no-action letters; a description of the requirements of each rule written in plain-English format; as well as a discussion of associated risks; disclosure and recordkeeping requirements; considerations when testing your firm's compliance under each particular rule; and definitions of associated terms. The complete text of the Advisers Act is also offered in Level 1. More information…

If you have any questions, please contact Brightline Solutions by emailing us at Info@BrightlineSolutions.com or by calling 860-672-4433. To purchase IA ACT Unwrapped Level 1, please click here.

“Simplicity is the ultimate sophistication.” ~Leonardo da Vinci

IA ACT Unwrapped Level 2 is designed to address the more complex needs of Securities Attorneys and the Compliance Staff of larger firms. In addition to all of the information provided in the Level 1 matrix, Level 2 offers several extensive relational databases of information, including 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. This database of over 3,100 Releases is maintained current-to-the day.

Level 2 also offers access to an extensive No-action Letter Database of all recent and significant letters issued by the SEC's Division of Investment Management. Sort the letters by name, date, or by reference to the rule under which relief was sought.

Our Level 2 Enforcement 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 Level 2 Release Database, No-Action Letter Database and Enforcement Database are all full-text searchable.

The Level 2 Examination Database contains sample SEC Document Request Lists, Examination Brochures, Sample Sweep Letters, and information from OCIE and the SEC's CCOutreach program.

Our Advisers Act Database offers access to the current version of the Act, including all recent amendments mandated under The Dodd-Frank Wall Street Reform and Consumer Protection Act.

Our extensive Glossary & Definitions Database provides wide-ranging information on a multitude of topics relevant to the investment adviser world, and beyond.

If you have any questions, please contact Brightline Solutions by emailing us at Info@BrightlineSolutions.com or by calling 860-672-4433. To purchase IA ACT Unwrapped Level 2, please click here.

Headline News

Risk-Based Examination Initiatives Focused on Registered Investment Companies
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Investor Testing of the Proposed Relationship Summary for IAs & BDs
Form CRS - Research Report
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Denial of Resources Undermined Effectiveness of IA’s Compliance Program Resulting in Compliance Failures
CCO's warnings were ignored
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SEC Enforcement Division Issues Report on FY 2018 Results
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Investment Adviser Compliance Issues Related to the Cash Solicitation Rule
OCIE National Exam Program Risk Alert
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SEC’s New Strategic Plan Puts Investors, Innovation, and Performance at Top
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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.

Costumes, Candy, and Compliance
SEC Commissioner Hester M. Peirce - Remarks at the NSCP 2018 National Membership Conference
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information and to the Risks Tab under Regulatory Database Rule 206(4)-7

IA-5064 In the Matter of Eldrick E. Woodley d/b/a Woodley & Co. Wealth Strategies

IA-5063 In the Matter of Douglas P. Simanski

Risk-Based Examination Initiatives Focused on Registered Investment Companies 
National Exam Program OCIE Risk Alert

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

Investor Testing of Form CRS Relationship Summary
SEC’s Office of the Investor Advocate Research Report
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

Industrial Alliance, Investment Management Company
No-Action Letter under Advisers Act Sec. 203(a)

IA-5062 In the Matter of Mark A. Elste

IA-5061 In the Matter of Pennant Management, Inc.

IA-5060 In the Matter of Brett Thomas Graham

IA-5059 In the Matter of Todd Elliott Hitt

LR-24334 SEC v. Douglas P. Simanski

Enforcement Division Annual Report - FY18
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

LR-24324 SEC v. Alexander C. Burns, et al

IA-5058 In the Matter of Michael B. Rothenberg

IA-5057 In the Matter of John H. Rogicki

SEC Strategic Plan 2018 - 2022
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

IA-5056 In the Matter of Ross B. Shapiro

LR-24312 SEC v. Ross B. Shapiro, Michael A. Gramins and Tyler G. Peters

From the Data Rush to the Data Wars: A Data Revolution in Financial Markets
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

Remedies and Relief in SEC Enforcement Actions

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

Testimony on “Oversight of the SEC’s Division of Investment Management”
Added to the IA Act UnwrappedTM Examination Tools Database/2018 Information

IA-5055 In the Matter of Paul T. Rampoldi

IA-5054 In the Matter of LendingClub Asset Management, LLC, Renaud Laplanche, and Carrie Dolan

IA-5053 In the Matter of Lawrence Allen Deshetler

LR-24291 SEC v. Goldsky Asset Management, LLC and Kenneth Grace

IA-5052 In the Matter of Gary Bernard Ross

IA-5051 In the Matter of Ismail Elmas

IA-5050 In the Matter of Putnam Investment Management, LLC and Zachary Harrison

IA-5049 In the Matter of Leroy "Lee" K. Young

IA-5048 In the Matter of Voya Financial Advisors, Inc.

IA-5047 In the Matter of Hudson Housing Capital, LLC
Added to the IA Act UnwrappedTM Releases Database and to Risks/Significant Enforcement Cases under Regulatory Database Rules 206(4)-2 & 206(4)-7

IA-5046 In the Matter of Thomas J. Caufield

IA-5045 In the Matter of Todd Wortman

IA-5044 In the Matter of Dawn Roberts

IA-5043 In the Matter of MAry A. Faher

IA-5042 In the Matter of Cory Ryan Williams

LR-24285 SEC v. Hope Advisors, LLC, et al.

LR-24283 SEC v. Jason W. Galanis, et al.

IA-5041 In the Matter of Ophrys, LLC

IA-5040 In the Matter of Joel N. Burstein

Sixth action arising out of enforcement initiative to combat cherry-picking led by the SEC's Los Angeles Regional Office:
LR-24278 SEC v. World Tree Financial, LLC, et al.

IA-5039 In the Matter of Travis A. Branch

IA-5038 In the Matter of Karen Bruton, CPA and Hope Advisors, LLC

Orders vacating bars:
IA-5032 In the Matter of Wing F. Chau
IA-5031 In the Matter of Terry M. Deru
IA-5030 In the Matter of Evan Andrew Zarefsky
IA-5029 In the Matter of Anthony Scolaro
IA-5028 In the Matter of James R. Holdman
IA-5027 In the Matter of Matthew G. Teeple
IA-5026 In the Matter of James E. Putman
IA-5025 In the Matter of Walter J. Clarke
IA-5024 In the Matter of Enrica Cotellessa-Pitz
IA-5023 In the Matter of Paul T. Mannion, Jr. and Andrew S. Reckles
IA-5022 In the Matter of Phillip Dennis Murphy
IA-5021 In the Matter of Karl Motey
IA-5020 In the Matter of Daniel Moshe Naeh
IA-5016 In the Matter of Frank R. Peperno
IA-5015 In the Matter of Matthew Crisp
IA-5014 In the Matter of John J. Bravata and Antonio M. Bravata

IA-5037 In the Matter of Susan E. Walker

IA-5036 In the Matter of Jennifer R. Johnson

IA-5035 In the Matter of Creative Planning, Inc. and Peter A. Mallouk
Added to the IA Act UnwrappedTM Releases Database and to Significant Cases under Regulatory Database Rule 204A-1 Code of Ethics & Rule 206(4)-1 Advertisements

LR-24270 SEC v. Thomas J. Caufield

IA-5034 In the Matter of Heidi Wivolin

IA-5033 In the Matter of John L. Gathright, Jr.

Orders vacating bars from association:
IA-5019 In the Matter of Douglas F. Whitman
IA-5018 In the Matter of I. Joseph Massoud
IA-5017 In the Matter of Brian Scott Zwerner
IA-5013 In the Matter of Matthew Adam Rothman
IA-5012 In the Matter of Frances M. Guggino
IA-5011 In the Matter of Edward L. Maggiacomo, Jr.