XBRL Applauds the New Data Standards in the FDTA
By Admin | 01/25/2023 | 3:11 pm ET
In December of 2022, President Biden signed H.R. 7776 into law. Titled the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023, the act includes TITLE LVIII, the Financial Data Transparency Act, usually shortened to FDTA. The FDTA requires member agencies of the U.S. Financial Stability Oversight Council to follow strict data standards. These member agencies include the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller…
What are the SEC EDGAR Filing Deadlines
By Admin | 01/13/2023 | 12:50 pm ET
If you run a public company, you are required to publicly disclose financial information on a regular basis to the Securities and Exchange Commission. You need to issue a form 10-K annually, which includes financial results from the prior year. Then, you need to issue quarterly reports on Form 10-Q once per quarter. If you do not comply with filing deadlines, you could face fines or sanctions from the SEC…
SEC Rule Change: Broker-Dealer Customer Protection Rule
By Admin | 10/06/2022 | 11:11 am ET
Recently, the Securities and Exchange Commission (SEC) proposed a new rule change related to US Treasury Securities and the application of the broker-dealer customer protection rule. The goal of this rule change is to reduce risk in the US Treasury Market. This amendment would increase requirements for agencies that deal in the clearing and settlement of specific securities transactions. Right now, there is still a significant amount of risk because some…
The SEC Adopts JOBS Act Inflation Adjustments
By Admin | 09/23/2022 | 10:06 am ET
Recently, the Securities and Exchange Commission announced they had adopted amendments to some of its rules to implement inflation adjustments. These adjustments are required in accordance with the Jumpstart Our Business Startups, or JOBS, Act. Under this law, the SEC is required to make specific inflation adjustments to rules under the JOBS Act at least once every five years. These changes will come into effect when they are published on…
What Is an EDGAR Filing?
By Admin | 08/26/2022 | 9:21 am ET
You must make sure your company is in compliance with SEC rules and regulations. That means that you need to have an intimate understanding of what an EDGAR filing is. This is a comprehensive filing system created by the Securities and Exchange Commission to manage all corporate filings. That way, investors have easy access to the documents they need to make important investment decisions. What is an EDGAR filing, and…
What is the Form ID?
By Admin | 08/26/2022 | 9:18 am ET
If you need to submit documents to the SEC, you must first file a Form ID Application, which is also the main application for your online EDGAR account. If you do not have a Form ID, you will have a difficult time submitting documents to the Securities and Exchange Commission. If you cannot find your Form ID or need to create a Form ID with the SEC, we can help you…
What Are EDGAR Filing Codes?
By Admin | 08/26/2022 | 9:12 am ET
If you are required to file documents with the SEC, you will need to do so through the SEC's EDGAR system. To submit your forms, you must also have your SEC EDGAR filing codes. These are codes that you use to submit forms by your EDGAR filing agent and access specific online tools and websites through the EDGAR system. You must make sure you have the right codes, and you need to…
Electronic Filing Now Required for Investment Advisers and Managers, Says SEC
By Admin | 07/08/2022 | 10:42 am ET
There has been a lot of discussion recently about steps that the SEC can take to make life easier for investors and investment managers. Now, they have done exactly that. Certain documents will be required to be submitted or filed electronically. These amendments will impact specific groups, including investment advisers and institutional investment managers. The goal is to make life easier for these parties by modernizing and bringing the SEC…
iXBRL Filings: What Are They and When Are They Mandatory?
By Admin | 04/30/2022 | 2:57 pm ET
It is important for all companies to make sure they are in compliance with SEC rules and regulations, and this includes iXBRL filings. Companies that are not in compliance with iXBRL filings run the risk of facing fines and sanctions from the SEC. What exactly are iXBRL filings, and when are they required? Take a look at a few important points below, and do not hesitate to reach out to…
What is an EDGAR Filing Agent?
By Admin | 04/13/2022 | 10:47 am ET
If you have SEC reports that you need to submit, you need to make sure you get them in on time and in the right format. That is exactly where an EDGAR agent can help you. EDGAR, the SEC's filing database, stands for the Electronic Data Gathering, Analysis, and Retrieval system, handles document submissions from a variety of EDGAR agents and systems. EDGAR indexes, validates, and accepts any documents you submit. If you have searched…
