The Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system is a digital platform utilized by companies and other entities to submit various documents to the Securities and Exchange Commission (SEC) as required by federal securities laws. EDGAR was introduced in the early 1980s to enhance the efficiency and accessibility of corporate filings, replacing the previous paper-based system12.
Companies file numerous documents with the SEC through EDGAR, including annual and quarterly reports, information on institutional investors' holdings, and other important financial information. EDGAR allows for the submission of filings electronically, which has significantly reduced the time it takes for corporate documents to become publicly available compared to the previous paper-based system12.
The system is accessible to the public, providing investors and other stakeholders with a comprehensive database of corporate information. EDGAR's searchable database contains millions of documents, including filings made by publicly traded companies, mutual funds, ETFs, variable annuities, and individuals32.
The SEC's EDGAR system is a critical component of the regulatory framework for the US capital markets, promoting transparency, efficiency, and fairness in the securities market31.
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