The SEC will be closed Thursday, November 22 in observance of Thanksgiving Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of November 22 will be due the following business day.Continue reading "Thanksgiving Hours" »
Wednesday, November 21. 2018
Monday, November 19. 2018
Version 4.24b of all applications in the GoFiler Suite has been released. This release contains a number of corrections and improvements to the XBRL View and to various EDGAR form views. Additionally, simple HTML proofing is now available as a beta feature for the N-PORT forms.Continue reading "New Release (4.24b) for the GoFiler Family of..." »
Friday, November 16. 2018
About a year ago I wrote a blog with the basics of how logs work with GoFiler and Legato. At the end I mentioned that in a future blog post we would talk more about what you can do with log objects. Today we are going to do just that. This blog assumes that you have read the previous blog and understand the basics of the log object.
Continue reading "LDC #111: Back To The Log" »
Thursday, November 15. 2018
As part of the SEC’s ongoing efforts to help address investor confusion about the nature of their relationships with investment advisers and broker-dealers, the SEC’s Office of the Investor Advocate released a report on investor testing to the public on November 7th. This report was conducted by the RAND Corporation and was based on investor testing feedback on a sample Relationship Summary issued in April 2018 as part of a package of proposed rulemakings and interpretations that were designed to enhance the quality and transparency of investors’ relationships with investment industry entities.Continue reading "SEC Releases Report On Investor Testing" »
Friday, November 09. 2018
Sorting pictures can be a time consuming task. Many devices such as cell phones and cameras save pictures with sequential numbers. While this is great because we, as the users, don’t need to name our photos as we take them. However, it does mean that sorting the resulting photos can be time consuming. Luckily we can use Legato to create a basic sorting interface. Unlike many of the scripts in this blog this script is intentionally incomplete. It is a basic framework in which you can build your own image processing. You could edit the script to move all of the images into folders based on the specified names. This would sort the pictures into events or groups. You could also edit the script to run a program on the images with names. You could create thumbnails of named images. There are many possibilities including reworking the script to work with more than images.
Continue reading "LDC #110: Organizing Pictures" »
The SEC’s Enforcement Division issued its annual report of its ongoing efforts to protect investors and market integrity on November 2nd, 2018. The report highlights several significant actions and initiatives that took place in FY 2018.Continue reading "SEC Enforcement Division Issues Report on FY..." »
Thursday, November 08. 2018
On October 31, the SEC issued a statement setting forth its position for a limited time period concerning specific provisions of its Business Conduct Standards for Security-Based Swap (SBS) Dealers and Major Security-Based Swap Participants (Entities). Certain actions with regard to these provisions will not provide a basis for a Commission enforcement action. In addition, the SEC’s position on the ability of parties to security-based swaps to rely on written representations is also addressed by the statement. This statement is intended to minimize potential market disruptions to existing counterparty relationships resulting solely from documentation implementation issues that may arise when security-based swap dealers and major security-based swap participants are required to register with the SEC. Once they are registered with the SEC, entities that are also registered with the Commodity Futures Trading Commission (CFTC) will be required to comply with both the SEC’s Business Conduct Standards as well as analogous rules adopted by the CFTC in 2012 applicable to SBS Entities.Continue reading "SEC Issues Statement on Business Conduct..." »
Wednesday, November 07. 2018
The SEC has updated the Public Alert: Unregistered Soliciting Entities (PAUSE) list. This list, maintained by the Commission, contains unregistered entities and firms that use misleading information to solicit investors. Sixteen soliciting entities, four impersonators of genuine firms, and eight bogus regulators have been added to the list. Many of the targets of these firms are non-US investors, and all investors should be cautious in dealing with such entities. In addition, the SEC made technical updates to its database to improve the ability of retail investors to search for and obtain information about unregistered entities. This update consolidates active and archived lists.Continue reading "SEC Updates List of Firms Using Inaccurate..." »
Monday, November 05. 2018
On October 31st, the SEC voted to adopt amendments to modernize the property disclosure requirements and related guidance for mining registrants under the Securities Act of 1933 and the Securities Exchange Act of 1934. Under these final rules, a registrant with material mining operations must disclose specified information regarding its mineral resources and reserves in its SEC filings. These amendments will provide investors with a more comprehensive understanding of a registrant’s mining properties, as well as more closely align the SEC’s disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards as embodied by the Committee for Reserves International Reporting Standards (CRIRSCO). The amendments also rescind Industry Guide 7 and consolidate the disclosure requirements for registrants with material mining operations in a new subpart of Regulation S-K.Continue reading "SEC Modernizes Property Disclosures Required..." »
Friday, November 02. 2018
A term often used in programming that sometimes leaves new developers flummoxed is the “handle”. Handles are a convenient way to identify complex objects like windows, files, etc. In this blog, we’re going to get a “handle” on handles by explaining what they are, how Legato creates and manages them, and what you need to know to properly use them.
Continue reading "LDC #109: Getting a Handle on Handles" »
Thursday, November 01. 2018
On October 30th, the SEC proposed rule changes concerning variable annuities and variable life insurance contracts that would improve disclosure for investors. The amendments are aimed at helping investors better understand these contracts’ features, fees, and risks. They are also designed to aid investors in finding the information needed to make informed investment decisions more easily. The Commission is seeking public comment on their proposed modifications.Continue reading "SEC Proposes Disclosure Improvements for..." »
Friday, October 26. 2018
Writing new scripts can make tasks faster and easier than ever. Back in July, we talked about a script that can map endnotes in an HTML file to the correct page from which they came and move them there. This makes moving the endnotes to their proper positions faster and significantly easier than copy/pasting text around by hand. As we automate functions, we begin to rely on those functions working a specific, predictable way. If our scripts cannot be counted on to work correctly, then we didn’t really make anything faster or easier, did we?
Continue reading "LDC #108: Using DVTs To Create Reliable Software" »
Thursday, October 25. 2018
On October 18th, the SEC announced the launch of the Strategic Hub for Innovation and Financial Technology (FinHub). The FinHub will be a resource for public engagement on the SEC’s finanical technology (FinTech) related issues and initiatives. These issues include distributed ledger technology (including digital assets), automated investment advice, digital marketplace financing, and artificial intelligence/machine learning, among other points of interest. FinHub will replace, consolidate, and build on the work of several internal working groups at the SEC that focus on similar issues.Continue reading "SEC Launches New Strategic Hub for Innovation..." »
Monday, October 22. 2018
On October 18th, the SEC announced it is partnering with the National Center for Middle Market at The Ohio State University Max M. Fisher College of Business to host the SEC’s annual Government-Business Forum on Small Business Capital Formation. The Government-Business Forum, which is an annual forum providing a platform to highlight additional measures to improve small business capital formation, will be held on December 12th.Continue reading "Event: 2018 Government-Business Forum to Be..." »
Friday, October 19. 2018
The IFRS Foundation has published a proposed update to the IFRS Taxonomy 2018, Common Practice (IFRS 13 Fair Value Measurement). This Proposed Update is one of multiple updates released throughout the year to reflect amendments to International Financial Reporting Standards. The updates can represent changes to common practice elements, taxonomy architecture, or annual improvements that may include refinements to taxonomy data models in order to support consistent tagging or improvements that better reflect presentation and disclosure requirements.Continue reading "IFRS Foundation Proposes Update to the IFRS..." »