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A blog on financial markets and their regulation
The US SEC has at long last enabled full text searching of its
Edgar database of corporate filings. The new search page is here.
In the past, searching Edgar was quite painful and I usually went to
Edgar only after identifying the form type and approximate filing date
through other sources. Now it is much simpler. For example, I clicked on
“advanced search” and typed in “pretexting” in the
“text” field and “Hewlett Packard” in the
“Company Name” field and I obtained links to the
two 8-K filings on this issue that I have blogged about earlier.
Under Chairman Cox, the US SEC seems to be taking the internet
quite seriously. Cox posted a comment on a blog recently in his
official capacity. He is also pushing for adoption of XBRL in Edgar
filings. Regulators elsewhere have a lot of catching up to do. I hope
that the Securities and Exchange Board of India (SEBI) upgrades its
Edifar database to include the
full text of the financial statements
(and not just the summary financial numbers) as also the material
event disclosures that companies currently make only to the
exchanges. Only after that can one start asking for search capabilities!