VerInvest Corporation (\u201cVerInvest\u201d) today announced the launch of\u00a0its highly-secure, financial verification clearing service for the alternative investment community. The platform\u00a0provides its investor-members a confidential means to authenticate their accredited or qualified financial status,\u00a0and connect with capital-raising companies and alternative investment funds.<\/p>\n
As part of the 2012 Jumpstart Our Business Startups Act (\u201cJOBS Act\u201d), hedge funds, private equity firms and\u00a0privately-held companies may advertise their investment offerings, provided they verify that investors meet\u00a0certain \u2018accredited\u2019 standards.
\n.
\n\u201cVerInvest eliminates a barrier to growth with an innovative compliance solution,\u201d said David Benway,\u00a0Founder and Chief Executive Officer of VerInvest. \u201cDesigned to preserve privacy, our platform membership\u00a0offers data security and convenience for investors, while issuers significantly reduce the costs and operational\u00a0risks associated with JOBS Act compliance.\u201d<\/p>\n
VerInvest combines state-of-the-art technology and data-handling protocols to offer an exchange-grade\u00a0clearing-style service. Financial information submitted by investors is carefully protected to ensure data security\u00a0and privacy. Each certified member is assigned a unique alpha-numeric certification code that may be used as\u00a0often as proof of accredited status is required.<\/p>\n
VerInvest\u2019s internal processes are specifically designed to satisfy both the letter and spirit of the \u201cSafe Harbor\u201d\u00a0requirements set by the SEC, and adopted most recently by the Commodities Futures Trading Commission\u00a0(CFTC). As an independent, third-party service, VerInvest eliminates the risk of conflicts associated with\u00a0internally-managed or broker-administered verification. In addition, VerInvest certifications are backed by a\u00a0multi-million dollar insurance policy against potential errors in analysis. When needed, an independent audit\u00a0trail can be provided to satisfy regulatory and financial examiners.<\/p>\n
For private companies and the fund management industry, as well as crowd-sourced capital platforms, VerInvest offers an efficient solution for managing a non-core compliance risk. Issuer member subscriptions include unlimited access to insurance-backed certifications, as well as audit features that offer compliance cost\u00a0savings and other management benefits.<\/p>\n
\u201cHedge funds, private equity firms, and other companies seeking private-placements can eliminate a significant compliance risk by using VerInvest, as well as demonstrate a marketable commitment to the highest standards of suitability and client data protection,\u201d notes Benway.<\/p>\n
Investor Member Benefits
\n\u2022 Personal financial information is securely stored; encrypted both in-transit and at-rest
\n\u2022 Investor privacy is preserved by providing a verifiable certification without revealing underlying\u00a0financial information
\n\u2022 Convenient, portable, branded certification that can be used as often as needed to prove financial status\u00a0Issuer (fund or company) Member Benefits
\n\u2022 Unlimited access to investor-member certifications
\n\u2022 Significant cost savings and operational risk reduction
\n\u2022 Independent audit trail for compliance and regulatory purposes, and insurance policy-backed\u00a0certifications<\/p>\n","protected":false},"excerpt":{"rendered":"
VerInvest Corporation (\u201cVerInvest\u201d) today announced the launch of\u00a0its highly-secure, financial verification clearing service for the alternative investment community. The platform\u00a0provides its investor-members a confidential means to authenticate their accredited or qualified financial status,\u00a0and connect with capital-raising companies and alternative investment […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,16046],"tags":[],"class_list":["post-44141","post","type-post","status-publish","format-standard","hentry","category-press-releases","category-user-contributed-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=44141"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44141\/revisions"}],"predecessor-version":[{"id":44146,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44141\/revisions\/44146"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}