Securities-based Financing – Reliable Options

Fred. R. Wahler describes HedgeLender securities financing products

Good financial companies have it harder than at any time in memory these days. In today’s economy, where financial consumers are treated to a daily dose of collapsed firms and related news, they are shell-shocked and hardly able to discern trustworthy organizations and services form those that aren’t. Today the premium for financial firms has shifted to the area of verification, due diligence, and disclosure. Many point to the recent Wall Street scandals as the source of this phenomenon.

As Fred R. Wahler, Vice President of HedgeLender LLC recently stated, “If you think you’ve done enough due diligence, chances are you probably haven’t. If you think that simply having had no problems to date is enough to insulate you from future problems, it isn’t. The mantra today is more due diligence, and then still more.”

One of the growth areas in adjunct financial services is in background checking and verification, as well as high-end database production and maintenance for those who have a high volume of searches per month. These services recognize that standards for due diligence today require a knowledge of all principals, their work history, assets, and even issues from their past that might come back as evidence of a pattern of behavior that should have been identified. “When someone you have trusted ends up making a mistake, or worse – engaging in intentional wrongdoing – you must assume that because you are participating in a finance-related business, you could very well be accused of negligence” Wahler noted.

Smart companies will recognize the changed landscape. Though it may appear patently unfair to many, for the near future at least these are the standards they must expect as they work to navigate the unclear road ahead.

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