NEW YORK, Oct 16, 2007 (BUSINESS WIRE) -- TransPerfect Deal Interactive, a leading provider of virtual data room services to enterprises worldwide, was recently accepted as a preferred vendor for financial firms seeking to maintain regulatory compliance under the Financial Industry Regulatory Authority (FINRA).
Formed in July 2007, FINRA is a consolidation of the National Association of Security Dealers and the member regulation, enforcement, and arbitration functions of the New York Stock Exchange.
Corporate Finance Securities (CFS), which is affiliated with Corporate Finance Associates (CFA), a prominent investment banking firm serving middle-market companies, was the first organization to seek Deal Interactive's services for this purpose. Through the secure online repository environment, FINRA officials will be able to view and track transactional records from CFS offices throughout the US. Eliminating the need for the slow and costly centralization of paper documents, the VDR provides a more efficient mode for regulators to oversee compliance.
According to Helena Heydenrych, principal at CFS, "Deal Interactive's virtual data rooms provide the ideal solution for broker/dealers with multiple locations--such as ours. Our associates have appreciated the ease-of-use, and we are thrilled with any tool that allows us to maintain FINRA compliance with greater ease and efficiency." Jordan Ellington, President of TransPerfect Deal Interactive, added, "We are very pleased to have been selected by CFS to assist in their compliance efforts. Deal Interactive is an ideal platform for sharing information in this increasingly globalized society where stakeholders can exist all over the world."
About FINRA
FINRA, the Financial Industry Regulatory Authority, is the largest non-governmental regulator for all securities firms doing business in the United States. Created in 2007 through the consolidation of NASD and NYSE Member Regulation, FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. FINRA touches virtually every aspect of the securities business-from registering and educating all industry participants to examining securities firms; writing and enforcing rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. For more information, please visit www.finra.org.
About CFA
CFA is a middle market investment banking firm headquartered in Los Angeles, California. Founded in 1956, CFA provides investment banking services, advising business owners throughout North America and Europe - both family-owned and closely held private corporations, as well as large corporate owners acquiring and divesting business units. Known for superior advisory skills, capital raising expertise and a 50 year history of strategic and creative thinking, CFA's investment banking professionals provide a broad range of services in support of mergers, acquisitions, divestitures, capital raising, and corporate restructuring. Local service is provided by over 30 offices across North America and 12 partner offices in Europe.
About TransPerfect
TransPerfect is a family of companies including TransPerfect Translations, Translations.com, ArchiText, Crimson Life Sciences, Epic Global Solutions, eTranslate, TerraPacific, TransPerfect Deal Interactive, TransPerfect Deposition Services, TransPerfect Diversity & Inclusion, TransPerfect Document Management, TransPerfect Interpretation, TransPerfect Multicultural, TransPerfect Staffing, TransPerfect Transcriptions, and iSP. TransPerfect is one of the world's leading providers of language services. With 45 offices on 4 continents, TransPerfect provides a full range of services in over 100 languages to multinationals worldwide. These services include translation, interpretation, transcription, multilingual typesetting/graphic services, staffing solutions, website globalization, software localization, subtitling/voice-overs, multicultural marketing, document management, and litigation support. With a network of over 4,000 linguists and subject-area specialists worldwide, TransPerfect is the largest translation company to be fully ISO 9001:2000 certified. TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong.
Copyright Business Wire 2007
Media Contact:
Corporate Finance Associates
Mary Jean Woodyard
949.305.6710 x116
|
