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" »Thursday, January 17. 2019
SEC Brings Charges in EDGAR Hacking Case
Friday, January 11. 2019
LDC #118: Bulk Filings Part 3
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
XBRL US Data Quality Releases Eighth Ruleset for Comment
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
XBRL US Data Quality Committee Approves Seventh Ruleset
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
New Release (4.25b) for the GoFiler Family of Products
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
LDC #117: Building a Section 16 Data Scraper, Part 1: Collection
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
New Year's Hours
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
LDC #116: Getting Text into Shape
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
SEC Operational Status During Government Shutdown
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
Christmas Hours
The SEC will be closed Tuesday, December 25 in observance of Christmas Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of December 25 will be due the following business day. Additionally, President Trump has ordered that the federal government be closed on Monday, December 24. Because of this, the EDGAR system will not be available on December 24. December 24 will be treated as a federal holiday for filing purposes. The filing website will not be operational, and filings will not be accepted.
Continue reading "Christmas Hours" »
LDC #115: Bulk Filings Part 2
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" »
Thursday, December 20. 2018
SEC Seeks Public Comment on Earnings Releases and Quarterly Reports
On December 18th, the SEC released a request for comments concerning the nature, content, and timing of earnings releases and quarterly reports made by reporting companies. The SEC is soliciting public input on how it can reduce burdens on reporting companies associated with quarterly reporting while maintaining or enhancing disclosure effectiveness and investor protections. The Commission is also investigating how the current periodic reporting system, earnings releases, and earnings guidance may create an overly short-term focus on the part of managers and other market participants. This evaluation of the existing system is driven by a need to foster more long-term investments.
Continue reading "SEC Seeks Public Comment on Earnings Releases..." »SEC Adopts Final Rules to Allow Exchange Act Reporting Companies to Use Regulation A
The Securities and Exchange Commission has adopted rules to allow reporting companies to use the Regulation A exemption from registration. Regulation A provides an exemption from registration under the Securities Act of 1933 for offerings of securities up to $50 million in a 12-month period and was previously not available to companies that are Exchange Act reporting companies. The Economic Growth, Regulatory Relief, and Consumer Protection Act that was enacted earlier this year requires the SEC to adopt this change and allow reporting companies to use Regulation A.
Continue reading "SEC Adopts Final Rules to Allow Exchange Act..." »Wednesday, December 19. 2018
SEC Adopts Final Rules for Disclosure of Hedging Policies
On December 18th, the SEC adopted final rules to require companies to disclose hedging practices or policies in any proxy statement or information statement relating to the election of directors. These disclosures involve any practices or policies regarding the ability of employees or directors to engage in certain hedging transactions with respect to company equity securities. The rules implement Section 14(j) of the Securities Exchange Act of 1934, which was enacted by Section 955 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Continue reading "SEC Adopts Final Rules for Disclosure of..." »Monday, December 17. 2018
New Release (4.25a) for the GoFiler Family of Products
Version 4.25a of all applications in the GoFiler Suite has been released. This release corresponds to EDGAR Release 18.4 - Phase 1. It contains support for new Form ATS-N as well as a number of corrections and improvements to Form N-CEN View. Additionally, simple HTML proofing is now available for the N-PORT forms.
Continue reading "New Release (4.25a) for the GoFiler Family of..." »
(Page 1 of 22, totaling 325 entries)
next page »
