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 Awards $450,000 to Compliance Whistleblower

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SEC Extends Conditional Exemptions From Reporting and Proxy Delivery Requirements for Public Companies, Funds, and Investment Advisers Affected by COVID-19

Form ADV & Form PF Filing Date Extended to June 30, 2020
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OCIE Statement on Operations and Exams – Health, Safety, Investor Protection and Continued Operations are our Priorities

Conducting exams off-site through correspondence except where absolutely necessary

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Order Regarding Pending Administrative Proceedings

Requests filings to be submitted electronically

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SEC Takes Targeted Action to Assist Funds and Advisers
Permits Virtual Board Meetings and Provides Conditional Relief from Certain Filing Procedures

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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.

Investors Remain Front of Mind at the SEC: Approach to Allocation of Resources, Oversight and Rulemaking; Implementation of Regulation Best Interest and Form CRS
Remarks by SEC Chairman Jay Clayton
Added to the IA Act UnwrappedTM Examination Tools Database/2020 Information

IA-5472 In the Matter of Barton W. Stuck

IA-5471 In the Matter of Adam Matthew Root

IA-5470 SemiAnnual Regulatory Flexibility Agenda

Getting Back to Basics - Protecting, Serving, and Empowering Investors  
Remarks by SEC Commissioner Allison Herren Lee before the Investment Advisers Association Compliance Conference
   - Investment Adviser Advertising
   - Climate Risk Disclosure
   - Proxy Reform
Added to the IA Act UnwrappedTM Examination Tools Database/2020 Information

LR-24780 SEC v. Donald H. Hunter

IA-5468 In the Matter of Nicholas J. Genovese

IA-5469 SEC Extends Conditional Exemptions From Reporting and Proxy Delivery Requirements
Form ADV & Form PF Filing Date Extended to June 30, 2020

IA-5467 In re: Pending Administrative Proceedings

LR-24773 SEC v. Brandon E. Copeland and E.B. & Copeland Capital, Inc.

IA-5456 In the Matter of E. Herbert Hafen

IA-5455 In the Matter of Daniel B. Vazquez, Sr.

LR-24769 SEC v. Stacey Beane, Justin Deckert and Travis Laska

LR-24767 SEC v. Kinetic Investment Group, LLC, et al

LR-24764 SEC v. E. Herbert Hafen

IA-5466 In the Matter of Randall S. Goulding

IA-5465 In the Matter of Marcus Boggs

IA-5464 In the Matter of HSBC Securities (USA) Inc.

IA-5462  In the Matter of Motty Mizrahi

IA-5461 In the Matter of Naya Ventures, LLC, Dayakar Puskoor, and Prabhakar Reddy

IA-5460 In the Matter of Bruce C. Worthington

IA-5458 In the Matter of Eric D. Lyons

IA-5457 In the Matter of Motty Mizrahi

IA-5463 Order under Section 206 of the Investment Advisers Act of 1940 Granting Exemptions from Speicified Provisions of the Investment Advisers Act and Certain Rules Thereunder
Order granting extention to file Form ADV and Form PF until April 30, 2020

IA-5459 In the Matter of John Thomas Capital Management Group LLC and George R. Jarkesy Jr.

IA-5454 Exemptions From Investment Adviser Registration for Advisers to Certain Rural Business Investment Companies
FINAL RULE
Release added to the IA Act UnwrappedTM Releases Database; amendments reflected under Regulatory Database Rules 203(l)-1 & 203(m)-1