V-Team blog by the people behind V-Rooms

The “pro-regulation” Obama administration has ushered in some dramatic increases in the amount of government regulation for the financial marketplace. Because these changes will impact our legal and financial clients, especially those who are involved in private placements, hedge funds, and private equity, we are highlighting our virtual data room’s reporting and compliance tools, so that our clients will be able to be prepared for intensified efforts in meeting these increasingly stringent SEC, FINRA and other regulatory requirements. 

Because of pressure placed upon it by public opinion, the United States House of Representatives, passed legislation that created a financial consumer watchdog agency to regulate private equity and hedge funds and reduce systemic risk in the financial sectors. These laws amount to the single largest change in financial regulation since the Great Depression, and will mean that many financial and legal professionals will face many new regulator and compliance hurdles.

V-Rooms™ Virtual Data Room Solutions assist finance and legal professionals in properly meeting these additional regulatory reporting requirements. Our online service has been utilized by venture capital and hedge fund administrators in providing regulatory compliance systems for private placement memorandums and other financial documents. Our document repository that is both available 24/7 and secured with online banking level security measures. This means that fund information is available to investors anytime, anywhere, without worry of the fund falling out of compliance due to unauthorized access. Furthermore, being that a fund privately branded VDR replaces printing, copying, faxing, collating, and mailing investor reports, the fund is more secure and, most importantly, with these new changes to the regulatory environment able to provide up-to-the-minute detailed compliance reports that both prevent unauthorized access and confirm receipt by relevant parties.

Fund administrators, using V-Rooms™ Virtual Data Rooms (VDR), are able to create a centralized

To better serve our clients and keep up to date on these regulations, V-Rooms is a member of the Regulatory Compliance Association (RCA) http://www.rcaonline.org/. Please visit the RCA website for information on the upcoming Spring Conference.