Guest post by Edgar Solutions.com
EDGAR refers to the Electronic Data Gathering, Analysis, and Retrieval system. This system performs several tasks that include the automatic collection, indexing, acceptance, validation as well as forwarding of any kind of submission for any company who wants to file forms in SEC i.e. securities and exchange commission. This system helps the company to fill out the form with proper law and those who fill out the form from this system don’t need to take any tension regarding the form submission because these systems make sure that there will not be any inappropriate or illegal activity while filling out the form.
Purpose of this system
Main purpose of using this system is that it will boost the efficiency as well as bring transparency in the market. This transparency and efficiency proves to be very beneficial for the corporations, investors as well as the economy. This is because it boosts the acceptance, receipt collection, dissemination and also does the analysis of any subject properly that is filed in the agency.
It is important for you to know that not every type of document that is available in commission which is filed by the company is available over the EDGAR system. There are many different types of data that are not available electronically such as
- If there is any notice or proposed notice regarding to the subject security sale, it will not be available over this system
- Ownership of any security as well as transaction report of any company or investor will not be available as it is a confidential matter.