How can your firm acquire more diverse investors with large portfolios all while setting you apart from your industry competitors using personalized marketing strategies? The answer is partnering with professional finance translation services such as Language Connections.
The Regulations Behind Financial Translation Services
When it comes to identifying the best investment opportunities, the majority of investors rely on regularly updated sources such as investment newsletters. However, due to the sheer size of the financial industry within the United States, the Securities and Exchange Commission have had to create regulations to combat fraudulent newsletters that target vulnerable investors, including those who have limited English proficiency that can make investment errors due to linguistic barriers. This includes requiring investing experts to provide both current and potential investors with clear and accurate information through financial translation services.
The Federal Deposit Insurance Corporation (FDIC) has also implemented similar diversity and inclusion measures, as their main objective is consumer protection in mind. Since both the FDIC and SEC are official branches of the U.S. government, they are federally required to follow all rules and regulations set forth by Title VI of the Civil Rights Act of 1964, which applies to both individual investors as well as major financial institutions.
The Increase In Diversity Among U.S. Investors
The diversity of contributing investors throughout the U.S. has increased since 2018. Aside from English, the top three most preferred spoken languages in the financial industry currently rank as follows: Spanish at 36.1%, Chinese at 12.9%, and French at 11.6%. As a result, it has become imperative for financial institutions to provide Chinese, French, and Spanish translation to ensure inclusivity for both current and future investors. This is required by the U.S. Securities and Exchange Commission through their Diversity, Equity, Inclusiveness, and Accessibility Strategic Plan (DEIA), set forth for the fiscal years of 2023-26.
How Professional Financial Translation Services Can Help
Whether you’re an established financial institution backed by the FDIC, or an individual investor looking to gain personal insight into your own investment newsletters, Language Connections is here to serve all your translation service needs. We have over 30 years of experience serving financial institutions across the nation to ensure every investor receives accurate information through professional marketing translation services that maintains compliance with federal regulations. Reach out today to receive a competitive quote for your next newsletter translation!
About Language Connections:
Language Connections is one of the top language service companies in the US. Over the last 30 years, we’ve focused on providing the best business translation services, interpreting services, as well as interpreter training and customized language training programs. In addition to top-tier corporate language training, we offer certified corporate interpreters and professional business translation services in 200+ languages. Our network includes linguists with backgrounds in all major industries. They’re ready to meet your needs, whether they’re for technical translation services, legal translation, government translation services, international development translation services, education translation services, life sciences translation, or something else. Reach out to us today for a free quote on our cost-efficient and timely translation services, interpreters, or other linguistic services.
Language Connections Inc.
2001 Beacon Street, Suite 105,
Boston, MA 02135