On June 15, 2021, in recognition of World Elder Abuse Awareness Day, the SEC announced its collaboration with regulatory counterparts, the North American Securities Administrators Association (NASAA) and the Financial Industry Regulatory Authority (FINRA), to develop a free, online training program focused on protecting senior investors. The resource, entitled “Addressing and Reporting Financial Exploitation of Senior and Vulnerable Adult Investors”, fulfills implementation requirements pursuant to the Senior Safe Act of 2018.
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The EDGAR System will be closed Friday, June 18 in observance of National Independence Day. The system will not receive, process or accept filings on this day. Filings with a due date of June 18 will be due the following business day. {expires: 2021-06-21} Continue reading "EDGAR System Closed Friday, June 18" »

The SEC has announced that it will release EDGAR 21.2 on Monday, June 21. This update will introduce multiple changes to the EDGAR filing website, as well as various changes to Form N-CEN and the introduction of the IFRS 2021 XBRL Taxonomy. Continue reading "SEC Announces EDGAR Release 21.2" »

The SEC adopted amendments on June 28, 2018 that required filers to use Inline XBRL (iXBRL) for both operating company financial statement information and fund risk/return summary information. Filers using iXBRL are able to prepare a single document that embeds machine-readable data directly into a human-readable document. This gives data users a simpler means to view, access, and explore the contextual information of the underlying data.
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On June 11, 2021, the SEC’s Office of Information and Regulatory Affairs published the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions. The report is comprised of contributions related to the SEC and a list of short- and long-term regulatory measures that administrative agencies plan to take. With the mission of safeguarding investing investors, facilitating capital formation, and maintaining fair, orderly, and efficient markets, the SEC proposes and finalizes rules that strengthen markets and increase transparency. Continue reading "SEC Issues Annual Regulatory Agenda" »

On June 9, 2021, the SEC announced that it has revised its list of unregistered entities that use inaccurate data to solicit mainly non-US investors, adding 55 soliciting entities, five bogus regulators, and four impersonators of real firms. Continue reading "SEC Revises List of Entities Soliciting..." »

The SEC will be closed Monday, May 31 in observance of Memorial Day. The EDGAR System will not receive, process or accept filings on this day. Filings with a due date of May 31 will be due the following business day. {expires: 2021-06-01} Continue reading "SEC Closed Monday, May 31" »

The SEC has announced its virtual Investor Advisory Committee meeting that will take place on June 10, 2021, beginning at 10:00 a.m. EDT. The public may attend the free event which will be presented live via webcast at sec.gov. The meeting will also be archived on the Committee’s website for later viewing.

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The staff of the SEC’s Division of Economic and Risk Analysis (DERA) has discovered that certain filers who report under US Generally Accepted Accounting Principles are using elements for the Statement of Cash Flows that are intended explicitly for continuing operations. These filers do not actually report continuing and discontinued operations separately and should be using general elements to tag each respective subtotal for operating, investing, and financing activities. Continue reading "DERA Brings Attention to Incorrect Use of..." »

The SEC’s Division of Corporation Finance recently provided guidance that reflects its views concerning the filing of Form C to the SEC with respect to the effectiveness of certain rule changes as introduced in Release No. 33-10884. This guidance on EDGAR filing of Form C: 1) is not a rule, regulation or statement of the SEC; 2) has neither agency approval nor disapproval; 3) has no legal force or effect; 4) does not alter or amend applicable law; and 5) creates no new or additional obligations for any person. Continue reading "SEC Staff Issues Guidance on EDGAR Filing of..." »

The SEC’s New York Regional Office and the Retail Strategy Task Force, in conjunction with the Fordham University Gabelli School of Business, will hold a webinar on Tuesday, June 8, 2021, from 5:00 p.m. – 6:00 p.m. EDT focusing on timely and relevant topics for modern investors. With the ease of online access, trading and investing tools, and zero commission trading, there has been a rise in new investors trading on the securities markets over the past year. Interested parties will learn pertinent information that new investors should consider when trading or investing. {expires: 2021-06-09} Continue reading "SEC Regional Office, Retail Strategy Task Force..." »

The Financial Accounting Standards Board (FASB) has recently issued proposed updates to the US GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy related to the proposed Accounting Standards Update (ASU) on Derivatives and Hedging (Topic 815): Fair Value Hedging – Portfolio Method. The proposed revisions to the taxonomies will include: 1) new elements, 2) newly added references to transition elements, 3) modified documentation and standard labels, 4) element deprecations, and 5) reference deletions. {expires: 2021-07-06}
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The SEC has released EDGAR 21.1.3.u1, which contains changes related to Form MA. Because these changes are limited in their scope, they are being addressed in a software update to the GoFiler software suite that is outside the normal release cycle. In order to obtain this patch, you will need to use the Updater.exe file within the application installation directory. Users who are filing Form MA before the regular software update are encouraged to download and install the patch. Continue reading "Recommended Software Update for Form MA Filers" »

The SEC has announced that on May 19, 2021 it will release EDGAR 21.1.3.u1.
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