Mezzanine Finance News

Fraud Policy

December 22, 2009 | Posted by Mezzanine Advisor in Mezzanine Financing | Comments Off

The fraud policy of Remington Financial Group is designed to ensure that all staff, consultants, customers, financing intermediaries, and capital sources associated with our company possess the highest ethical standards possible. To accomplish this, we have established training programs and a diligently enforced anti-fraud policy we hope will become the accepted “Gold Standard” policy throughout our industry.

The purpose of this policy is to establish a realistic deterrent to inappropriate business behavior. We do this with controls and procedures designed to prevent, detect, investigate and report any questionable activity that may involve an intention to scam or commit fraud against the company, its staff, consultants, customers, financing intermediaries, or capital sources.

What is fraud? It is “the intentional false representation or concealment of material facts for the purpose of inducing another person or entity to act in such a way as to cause, or to potentially cause, injury or damage.”

Fraud can and must be avoided. Anyone directly or indirectly engaged in inappropriate activity that harms anyone or any entity having dealings with Remington will be held accountable and be subject to prompt and appropriate disciplinary or legal action. At Remington, fraud is not an option. It simply will not be tolerated.

Prevention

To avoid and detect fraud, Remington Financial Group shall:

  • Maintain a zero tolerance for fraud or other inappropriate activity.
  • Hold staff, consultants and partners to the highest ethical standards.
  • Train Remington associates to thoroughly understand our business process.
  • Document the business processes so as to detect unauthorized variations.
  • Promptly identify and report any fraudulent activities to the FBI or Federal, State or local governments as required by law.
  • Continually review and update our fraud policies.
  • Continually educate Remington stakeholders in our fraud commitment.

Responsibilities

At Remington, the Capital Markets, Business Development, and Structured Finance Groups are individually and collectively responsible for supporting the company’s rigorous due diligence activities regarding all current and new clients, including owners, developers and financing intermediaries.

Traditional and Alternative Capital Sources

It is the responsibility of the Capital Markets Group to continually identify and “vet” new capital sources and to scrupulously perform due diligence on all current and future capital sources, such efforts to include, at a minimum:

  • Researching each source, with background checks on the firm and its officers;
  • Verifying through all available channels (e.g. Crittenden database) that the source is a legitimate lender or investor;
  • Scrutinizing the Internet for past or current fraud issues;
  • Conducting a thorough and satisfactory phone interview with the source before moving ahead in the process;
  • Resolving questions with at least two principals, and independent third parties, if any questions remain unanswered;
  • Reviewing such phone interviews with the Director of Capital Markets Group;
  • Maintaining regular contact with capital sources, including periodic (annual) verification of non-fraudulent activity.

Owners, Developers and Financing Intermediaries

It is the responsibility of the Business Development Group to continually identify new client prospects and to help perform due diligence on all current and new clients, including owners, developers and financing intermediaries.

The company’s Structured Finance Group, which has direct contact with clients during the transaction process, will likewise be responsible for supporting the company’s due diligence efforts.

The fraud policy with respect to owners, developers and financing intermediaries will at a minimum include:

  • Verifying the client and financing intermediaries “exist” through all available channels;
  • Obtaining approval by management before a new client is accepted;
  • Conducting a thorough and satisfactory phone interview with the client prospect before moving ahead in the process;
  • Reviewing such phone interviews with a member of Remington management;
  • Obtaining information about a client’s officers and office location;
  • Scrutinizing the Internet for past or current fraud issues involving the financing intermediary or client;
  • Discussing with the client all questions that arise from documents provided;
  • Discussing any lingering issues with independent third parties;
  • Verifying information received with an on-site visit that may waived only with the approval of Remington management;
  • Maintaining regular client contact, including periodic verification of non-fraudulent activity.

Ver 5.0 9/30/2009

For more information please visit the Remington Financial Group Fraud Policy Website

Privacy Policy

December 22, 2009 | Posted by Mezzanine Advisor in Mezzanine Financing | Comments Off

This is a web site of Remington Financial Group.
Our postal address is
8761 East Bell Road Suite 103
Scottsdale, AZ 85260
We can be reached via e-mail at [email protected]
or you can reach us by telephone at 877-597-4458
For each visitor to our Web page, our Web server automatically recognizes no information regarding the domain or e-mail address.

We collect the e-mail addresses of those who communicate with us via e-mail, aggregate information on what pages consumers access or visit, information volunteered by the consumer, such as survey information and/or site registrations.

The information we collect is used for internal review and is then discarded, used to improve the content of our Web page, shared with agents or contractors who assist in providing support for our internal operations, used by us to contact consumers for marketing purposes, , disclosed when legally required to do so, at the request of governmental authorities conducting an investigation, to verify or enforce compliance with the policies governing our Website and applicable laws or to protect against misuse or unauthorized use of our Website, to a successor entity in connection with a corporate merger, consolidation, sale of assets or other corporate change respecting the Website.

With respect to cookies: We use cookies to and anonymously analyze traffic patterns and website usage metrics.

If you do not want to receive e-mail from us in the future, please let us know by sending us e-mail at the above address, calling us at the above telephone number, writing to us at the above address.

If you supply us with your postal address on-line you may receive periodic mailings from us with information on new products and services or upcoming events. If you do not wish to receive such mailings, please let us know by calling us at the number provided above, e-mailing us at the above address, writing to us at the above address.

Please provide us with your exact name and address. We will be sure your name is removed from the list we share with other organizations

Persons who supply us with their telephone numbers on-line may receive telephone contact from us with information regarding new products and services or upcoming events. If you do not wish to receive such telephone calls, please let us know by sending us e-mail at the above address, calling us at the above telephone number, writing to us at the above address.

Please provide us with your name and phone number. We will be sure your name is removed from the list we share with other organizations
With respect to Ad Servers: We do not partner with or have special relationships with any ad server companies.

From time to time, we may use customer information for new, unanticipated uses not previously disclosed in our privacy notice. If our information practices change at some time in the future we will post the policy changes to our Web site to notify you of these changes and provide you with the ability to opt out of these new uses. If you are concerned about how your information is used, you should check back at our Web site periodically.

Customers may prevent their information from being used for purposes other than those for which it was originally collected by e-mailing us at the above address, calling us at the above telephone number, writing to us at the above address.
Upon request we provide site visitors with access to financial information (e.g., credit card account information) that we maintain about them, transaction information (e.g., dates on which customers made purchases, amounts and types of purchases) that we maintain about them, communications that the consumer/visitor has directed to our site (e.g., e-mails, customer inquiries), contact information (e.g., name, address, phone number) that we maintain about them , a description of information that we maintain about them.

Consumers can have this information corrected by calling us at the above telephone number.
With respect to security: When we transfer and receive certain types of sensitive information such as financial or health information, we redirect visitors to a secure server and will notify visitors through a pop-up screen on our site, We have appropriate security measures in place in our physical facilities to protect against the loss, misuse or alteration of information that we have collected from you at our site.

If you feel that this site is not following its stated information policy, you may contact us at the above addresses or phone number.