The Restoring American Financial Stability Act of 2010
Atlanta, GA (Vocus) March 30, 2010
V-Rooms™, a product of Due Diligence Online, LLC, offers their legal and financial professional clients who are involved in private placements, private equity, venture capital and hedge funds, comprehensive investor reporting tools in preparing for intensified efforts, mandated by the Obama administration, for meeting SEC, FINRA and other regulatory requirements in this new era of "pro-regulation.”
Senator Chris Dodd recently unveiled a sweeping financial regulatory reform bill titled “The Restoring American Financial Stability Act of 2010” to promote the financial stability of the United States by improving accountability and transparency in the financial system through assertive investor reporting.
"To get the latest information about the sweeping financial regulatory reform bill that was just introduced to the Senate, we invite you to join us at the Regulatory Compliance Association (RCA) Asset Thought Leadership Summit™ on April 19, 2010 in New York." said Dan Bradbary, CEO of V-Rooms. "We are a member of RCA, a non-profit organization that provides firms with resources to effectively manage the compliance environment. This is especially important for hedge, private equity and venture capital funds, as well as investment advisors and investment companies.”
V-Rooms™ Virtual Data Rooms (VDR) allow fund administrators to assemble, organize and filter information from their portfolio companies, and then securely deliver documents and reports to Limited Partners (LPs) and Investors via their branded virtual data room accessible from within their company’s website. Rather than printing, copying, collating and mailing investor reports, they can simply upload the information into a secure online repository and V-Rooms™ automatically notifies LPs via email alerts. Using this approach for investor reporting, fund managers are able to confirm delivery of the information using the program’s audit compliance /tracking reports.
Due Diligence Online, LLC (888-316-2047). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.