On Friday, President Trump signed a bill to reopen the federal government for three weeks until February 15. As of Monday, January 28, the SEC is currently open and fully staffed with a return to normal operations. During the transition to normal operations, staff response times may be longer than ordinary. Certain SEC Divisions and Offices, including our Divisions of Corporation Finance, Trading and Markets, Investment Management and the Office of Compliance Inspections and Examinations, will be publishing statements regarding their transition plans at www.sec.gov in the upcoming days.Continue reading "SEC Resumes Normal Operation" »
Monday, January 28. 2019
Friday, January 25. 2019
Scripts can share a data pool that transcends the life of a script and can therefore be shared by multiple other scripts. There are other methods of storing what we usually call “meta” data, but session data is specifically designed to allow scripts to communicate and share information over time and threads. In this blog, we will explore session data and, as a side discussion, atomic operations.Continue reading "LDC #120: Quickly Sharing and Managing Data..." »
Friday, January 18. 2019
Last week, Dave added to our Bulk Filing script, giving it the ability to add folders and to detect if it’s going over the maximum allowable size from the SEC. This week, we’re going to do our final update on this script and develop its ability to actually file to the SEC. As part of this, we’re going to read back the SEC’s response, determine if it’s an error or a success, and if it’s a success we’ll parse the accession notices out and create an output file that maps the accession number to the original file. This will be very handy in case one of the filings comes back suspended, so you can just look up the accession number of the file to see which one failed.
Continue reading "LDC #119: Bulk Filings Part 4" »
The SEC will be closed Monday, January 21 in observance of Martin Luther King, Jr. Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of January 21 will be due the following business day.Continue reading "SEC Closed Monday, January 21" »
Thursday, January 17. 2019
On January 15th, the SEC announced charges against nine defendants for participation in a previously disclosed scheme to hack into the EDGAR system for the purposes of illegal trading. Included in the defendants were a Ukranian hacker and six individual traders in California, Ukraine, and Russia. There were also two entities charged. The hacker and some of the traders were involved in a similar scheme to hack into newswire services to trade on information not yet publicly available. As a result of those activities, the hacker and his conspirators were charged in 2015.Continue reading "SEC Brings Charges in EDGAR Hacking Case" »
Friday, January 11. 2019
This week we will add a few more features to the bulk filing script. Now that Steve has filled in the code to create a bulk filing we can add the finishing touches to increase performance, check that the filing size is within acceptable limits, and improve the user interface. If you haven’t read the previous posts, here are the links to part one and two.Continue reading "LDC #118: Bulk Filings Part 3" »
Thursday, January 10. 2019
The XBRL US Center for Data Quality has released the eighth set of rules and is seeking comment during a public exposure period ending February 1, 2019. The Data Quality Committee rules aim to help filers limit mistakes and avoid data inconsistencies that can adversely affect analysis of reported financial information. This release includes rules for issuers using either the US-GAAP or IFRS taxonomies.Continue reading "XBRL US Data Quality Releases Eighth Ruleset..." »
Wednesday, January 09. 2019
The XBRL US Center for Data Quality has published the seventh set of rules to provide guidance and aid for issuers in identifying errors in their XBRL SEC filings. The Data Quality Committee rules aim to help filers limit mistakes and avoid data inconsistencies that can adversely affect analysis of reported financial information. The seventh release of rules includes guidance for issuers using the US-GAAP taxonomies.Continue reading "XBRL US Data Quality Committee Approves Seventh..." »
Monday, January 07. 2019
Version 4.25b of all applications in the GoFiler Suite has been released. This release brings Form ATS-N out of beta with all functionality completed. It also contains the new XBRL validation required by the EDGAR Filer Manual as well as a number of corrections and improvements to Page View and Form N-CEN View.
Continue reading "New Release (4.25b) for the GoFiler Family of..." »
Friday, January 04. 2019
If you are not familiar with the term Section 16, Section 16 is a section of the Securities Exchange Act of 1934. In fact, it is section 16 of the act. Section 16 is a way to attempt to mitigate insider trading at companies. It states that any person who is a director of the company, an officer of the company, or a 10% or more beneficial owner, directly or indirectly, they must file Forms 3, 4, and 5. These forms report the level of equity interests whenever a significant change occurs. The terms that you will see referenced here are reporting owner, who is the person of interest here, and issuer, who is the company that in which the reporting owner has equity.
Continue reading "LDC #117: Building a Section 16 Data Scraper,..." »
Monday, December 31. 2018
The SEC will be closed Tuesday, January 1 in observance of New Year’s Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of January 1 will be due the following business day.Continue reading "New Year's Hours" »
Thursday, December 27. 2018
When a program presents textual data to a user, it is usually (and hopefully) formatted for easy consumption. As the programmer, understanding how to format strings will make the process of making text presentable significantly faster and smoother. Legato offers an arsenal of tools to make formatting text simple and easy.Continue reading "LDC #116: Getting Text into Shape" »
Wednesday, December 26. 2018
In the event of a federal government shutdown, the SEC will proceed in accordance with its posted plan for operating during a shutdown. Should the shutdown continue beyond Wednesday, December 26, starting Thursday, December 27, the SEC will have a limited number of staff members available. The SEC will be able to respond to emergency situations involving market integrity and investor protection, including law enforcement. Certain SEC systems, including EDGAR, will be operating.Continue reading "SEC Operational Status During Government Shutdown" »
Friday, December 21. 2018
Last week, Dave went over how to build a basic UI for our Bulk Filing function. This week, we’re expanding that a little bit by adding a “clear all” function to drop all items from the list, a “LIVE” checkbox to mark our submission as a live filing, and a setting to store the previously chosen files to reload if we need to rebuild the filing.
Continue reading "LDC #115: Bulk Filings Part 2" »