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Crimson provides you with translations that satisfy:
Sarbanes-Oxley Requirements
SEC Rule 497 Requirements
Kirkpatrick & Lockhart Due Diligence Checklist
Translation Risk Management Requirements

For 12 years, Crimson Financial Translation has ensured client satisfaction by producing the highest quality translated material. In fact, we are the only company that employs BackEditing™—a proprietary quality assurance methodology—as part of our translation process. Our commitment to accuracy is why companies like Fidelity Investments, T. Rowe Price, and Sallie Mae have selected Crimson as their preferred translation provider.

Now, according to just-published legal guidance from the law firm of Kirkpatrick & Lockhart (named a "go to" law firm for Financial America by the National Law Journal), translation has been identified as a potential risk management item:

"An issuer, its underwriter, its directors, and any person that sells shares through the use of a foreign language prospectus, investor education materials, or marketing materials may be subject to potential liability under the federal securities laws if the translation of an otherwise complete and accurate English language document into a foreign language causes the Foreign Language Materials to be materially false or misleading"

(click here and login to download a free copy of the Kirkpatrick & Lockhart memorandum)

To address this newly-identified translation risk—including Sarbanes-Oxley sub-certification and SEC Rule 497 requirements—Crimson has developed the only ISO 9001:2000 compliant Quality System for financial services. Originally designed to meet the high-risk, life-and-death requirements of medical translation, Crimson has tailored the system to the specific needs of financial translation—while retaining all of the essential elements required to mitigate translation risk.

The Best Defense
Crimson's documented Quality System provides you with "Due Diligence" liability protection for your translation activities. According to the Kirkpatrick & Lockhart memorandum:

"...a "due diligence" defense would be available to a person who could demonstrate that it selected a translation service that had objective standards in place to ensure the accuracy of the translation and managed the risks typically associated with language translation..."

The due diligence defense is available for financial services companies:

"...provided that the defendant, in selecting the translation service, satisfied itself that the translation service had objective, statistically-based standards in place to ensure the accuracy of the translation and manage the risks typically associated with language translation. For example, a person should be able to establish its exercise of due diligence in selecting a translation service by showing that the person duly considered such factors as:

• Does the translation service have a documented quality system in place? Is it a reasonable semblance to a recognized industry standard, such as ISO 9001:2000? Are the quality system documents available for review?
• Does the translation service use objective methodologies, such as the SAE J2450 standard, to demonstrate that the product meets acceptance criteria?
• Does the translation service have documented procedures in place for translator recruiting, screening, testing, and auditing? Are the procedures available for review?

(click here and login to download the complete version of K&L's Translation Due Diligence Checklist)

In fact, Crimson is the only translation company that complies with each and every requirement of the Kirkpatrick & Lockhart Translation Due Diligence Checklist.

Choose Crimson and you get real risk management peace of mind—knowing that your translations are in full compliance with Sarbanes-Oxley sub-certification requirements, SEC Rule 497 requirements, and the K&L Translation Due Diligence Checklist.

Feel free to call or email Crimson's CEO, Marc Miller or VP of Quality Systems, Kai Simonsen if you would like to know more about how an ISO-compliant Quality System can help you meet Sarbanes-Oxley, SEC Rule 497, and Kirkpatrick & Lockhart Translation Due Diligence requirements.