Coming soon: SEC advice you can (maybe) understand
THE US Securities and Exchange Commission (SEC) is going to train about 125 employees to write clearer advice for issuers and their lawyers – but investors are unlikely to benefit from the simpler prose.
As XBRL mandate looms, SEC seeks urgent help with software
AS THE US Securities and Exchange Commission (SEC) considers new rules to require companies to begin filing their documents in eXtensible Business Reporting Language (XBRL), it has been having trouble finding software experts who can help make those filings usable to investors. The commission put out a pressing call in June for contractors to help [...]
Cox to announce IDEA will replace EDGAR
YESTERDAY afternoon, a number of bloggers got an email inviting them to a press conference webcast today with US Securities and Exchange Commission (SEC) Chairman Chris Cox where he is supposed to unveil a “futuristic information disclosure system for investors and markets.” No further details on this new system were provided, but at least one [...]
SEC greenlights "notice-and-access" news releases
THE US Securities and Exchange Commission’s (SEC) new guidance for company websites gives investor relations departments an opportunity to cut their disclosure costs and boost traffic to their websites by using “notice-and-access” news releases for Regulation FD. Although the SEC’s guidance goes so far as to say that “some companies” may not need to use [...]
SEC's new guidance for websites and blogs posted
THE US Securities and Exchange Commission (SEC) has published its 47-page interpretive release that explains how companies can use their websites and blogs to meet its requirements for public disclosure under Regulation FD. Here’s a Scribd version of the complete release, which can also be downloaded in PDF from the SEC’s website. See my initial [...]
SEC OKs websites and blogs for Reg. FD
UNDER certain circumstances, companies can rely on their websites and blogs to meet the public disclosure requirements under Regulation FD, according to new guidance unanimously approved by the US Securities and Exchange Commission today. The move is significant as it could cut disclosure costs for many companies that today use paid PR wire services to [...]
SEC seeks to "blow up" forms-based system
THE US Securities and Exchange commission has launched a study that could lead to the scrapping of its 75-year-old system that requires companies to file disclosures on prescribed forms like 10Ks, Form 4s and DEF 14As.
XBRL group assesses SEC rule impact
THE US Securities and Exchange Commission’s plan to make eXtensible Business Reporting Language (XBRL) mandatory starting next year will have few immediate benefits for companies and investors, the body charged with promoting the technology has said. XBRL US says in a sobering white paper published on Friday that while companies won’t have much difficulty meeting [...]
SEC proposes rule to make XBRL mandatory
THE US Securities and Exchange Commission (SEC) is proposing a rule for all companies to file their annual and quarterly reports in eXtensible Business Reporting Language (XBRL) on a staged basis over the next three years. Under the proposal, the 500 largest companies — including foreign firms that use US GAAP — will begin filing [...]
SEC does first conference call with bloggers
IN A first for the US Securities and Exchange Commission (SEC), a group of 13 bloggers were invited to a special conference call Friday to talk about XBRL ahead of the SEC’s meeting to consider making the financial tagging language mandatory. I was one of the bloggers on the call with David Blaszkowsky, director of [...]
Build better insider filings pages with free feeds
WHEN it comes to disclosing insider trading on their investor relations websites, companies’ practices vary widely. Most firms give the information little thought, while a few go out of their way to make the information easy for investors to access and digest. But with the Securities and Exchange Commission (SEC) recently adding free XML-based news [...]
Get your SEC filings widget here!
THE EDGAR XML feeds were not even a week old and already intrepid web developers were finding new ways to reuse them. Over at iBanknet, where they have been doing interesting things with XBRL call reports, Marian Albert and Chris Smith saw the opportunity to create a little tool called a “widget” or “gadget” that [...]
SEC adds free news feeds to EDGAR
IN A move that portends dramatic changes in how disclosures are disseminated online, the US Securities and Exchange Commission (SEC) has added news feeds for every issuer and reporting person who files with the commission’s EDGAR database. The development is potentially bad news for news release distributors such as Business Wire, owned by Berkshire Hathaway, [...]
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