|  | | 2005 News and Press Releases | | |
HEADLINE NEWS:
SEC Aims To Upgrade Edgar Filing System
Staff Writer – Marketwatch
Securities Mosaic. November 22, 2005
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EXCERPT: The Securities and Exchange Commission on Tuesday formally asked software companies to submit proposals to expand the agency's resource for information on corporations, mutual funds and individuals. Known as Electronic Data Gathering, Analysis and Retrieval, or Edgar, the system is designed to allow investors to search through the roughly 700,000 filings that the SEC receives each year. Now, the commission's released a draft Request for Proposal, or RFP, through which it solicits companies to bid on government contracts. In an attempt to make the Edgar tool more "interactive," over the next year the SEC "will beyond the Edgar concept of electronic filing of paper-based forms, to an interactive data concept in which investors can have instant access to data that's ready to use in myriad software applications on their desktops," said Chairman Christopher Cox. |
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