Pushing For Transparency, SEC Replaces Edgar

Law360, New York (August 19, 2008, 12:00 AM EDT) -- In an ongoing effort to educate investors and increase corporate transparency, the U.S. Securities and Exchange Commission is launching an electronic database that will make it faster and easier to access key financial information about public companies and mutual funds.

The Interactive Data Electronic Applications database, called IDEA, will replace the 1980s-era Edgar database, the SEC said Tuesday.

IDEA will allow users to retrieve and electronically export data from SEC filings into their own documents, databases and spreadsheets for comparison and analysis, doing away with the...
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