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

KPMG Paying $50 Million Penalty for Illicit Use of PCAOB Data and Cheating on Training Exams

Read more...

 

SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
Read more...

SEC Adopts Standards of Conduct Rules & Interpretations for BDs & IAs

Firms Must Comply by June 30, 2020
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Hedge Fund Adviser to Pay $5 Million for Compliance Failures Related to Valuation of Fund Assets
SEC states: "Valuation of client assets is a critically important area for investment advisers."
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.

LR-24501 SEC v. David Wagner, Downing Partners, LLC, Downing Investment Partners, LP, Downing Digital Healthcare Group, LLC, and Mark Lawrence

IA-5252 In the Matter of Hugh Dunkerley

Keynote Remarks at the Mid-Atlantic Regional Conference
SEC Chairman Jay Clayton
Added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

LR-24497 SEC v. Kimberly Pine Kitts

LR-24486 SEC v. Syed Arham Arbab, Artis Proficio Capital Investments, LLC, and Artis Proficio Capital Management, LLC

IA-5251 In the Matter of David S. Goulding

IA-5250 In the Matter of Kimberly Pine Kitts

IA-5249 Commission Interpretation Regarding the Solely Incidental Prong of the Broker-Dealer Exclusion from the Definition of Investment Adviser
Interpretation excludes from the definition of “investment adviser” any broker or dealer that provides advisory services when such services are “solely incidental” to the conduct of the broker or dealer’s business and when such incidental advisory services are provided for no special compensation
Added to the IA Act UnwrappedTM Releases Database

IA-5248 Commission Interpretation Regarding Standard of Conduct for Investment Advisers
Added to the IA Act UnwrappedTM Releases Database and linked to the term "fiduciary duty" in the Glossary & Definitions Database

IA-5247 Form CRS Relationship Summary - Amendments to Form ADV
IA-5247 Appendix A New Form ADV (including Form CRS)
IA-5247 Appendix B Instructions
IA-5247 Appendix C Feedback Form Comment Summary

Added to the IA Act UnwrappedTM Releases Database

34-86031 Regulation Best Interest - The Broker-Dealer Standard of Conduct
Added Exchange Act Release & linked to the new term "Regulation Best Interest" in the IA Act UnwrappedTM Glossary & Definitions Database

IA-5246 In the Matter of Christopher M. Lee A/K/A Rashid K. Khalfani

IA-5245 In the Matter of Deer Park Road Management Company, LP and Scott E. Burg

IA-5244 In the Matter of Anthony Savino

IA-5243 In the Matter of Sean D. Premock

IA-5242 In the Matter of Stephen Brandon Anderson

IA-5241 In the Matter of Robert Kenneth Lindell, Jr.

Safeguarding Customer Records and Information in Network Storage –  Use of Third Party Security Features
OCIE Risk Alert added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

IA-5240 In the Matter of Lawrence E. Penn, III

IA-5239 In the Matter of Brian Michael Berger

IA-5238 In the Matter of GL Capital Partners, LLC and GL Investment Services, LLC
Corrected Notice that Initial Decision has become final

IA-5237 Release Intentionally Omitted by SEC

IA-5236 In the Matter of J.S. Oliver Capital Mangement, L.P., and Ian O. Mausner
Added to the IA Act UnwrappedTM Risks/Significant Cases Tabs under Regulatory Database Rules 204-1, 204-2, 206(4)-7 & 206(4)-8 and linked to the terms "cherry-picking" and "soft dollars" in the Glossary & Definitions Database

IA-5235 In the Matter of NeoCap, LLC

IA-5234 In the Matter of Oscar Ferrer Rivera

IA-5233 In the Matter of Jonathan A. Rivera-Padilla

IA-5232 In the Matter of Jeffrey Francis Thompson

IA-5231 In the Matter of Bryan Lee Addington

IA-5230 In the Matter of Ascension Asset Management, LLC and Grenville M. Gooder, Jr.

IA-5229 In the Matter of Corinthian Capital Group, LLC, Peter B. Van Raalte, and David G. Tahan

How We Protect Retail Investors
Speech by OCIE Director Peter Driscoll
Added to the IA Act UnwrappedTM Examination Tools Database - 2019 Information

IA-5228 In the Matter of Paul Peter Gierten

LR-24461 SEC v. Christopher D. Dogherty et al

IA-5226 In the Matter of Charter Capital Management, LLC and Steven Morris Bruce

LR-24458 SEC v. Eric D. Lyons, et al.

IA-5225 In the Matter of Charles Myrick Winstead

LR-24455 SEC v. Motty Mizrahi et al.

IA-5224 In the Matter of Matthew R. Rossi and SJL Capital, LLC

IA & BD Compliance Issues Related to Regulation S-P - Privacy Notices and Safeguard Policies 
OCIE Risk Alert (April 16, 2019) 
Added to the IA Act UnwrappedTM Examination Tools Database/2019 Information

IA-5223 In the Matter of Stanley S. Bae

SECret Garden 
Commissioner Hester M. Peirce at SEC Speaks 2019
Important Issues for Investors in 2019 
Rick Fleming, Investor Advocate at SEC Speaks 2019
Remarks have been added to the IA Act UnwrappedTM Examination Tools Database/2019 Information