In: Accounting
Describe how EDGAR (Electronic Data Gathering, Analysis and Retrieval filing system) fits into the registration process with the SEC. Do you believe that the disclosure made possible through tools such as EDGAR is worth the costs that are associated with it? Why or why not?
These steps should only be followed if you are a new filer. Once complete you will receive the required EDGAR filing codes.
1.To prevent double registration search for the company or insider on the EDGAR system. If results are not found, continue with the steps below. If results are found obtain the company or insider's filing codes as opposed to registering a second time with EDGAR.
2.Open the Filer Management web site.
3.Click the "Press Here to Begin" button and then click on the "Apply for EDGAR Access (New)" link in the resulting menu.
4.Complete and submit the resulting Form ID. You will be asked to create a passphrase; please make note of this passphrase as you will need to use it later when generating your codes.
5.Once the Form ID has been submitted electronically, use the "print screen" option to print out a copy of the Form ID.
6.Sign and notarize the printed Form ID and fax it to the SEC at 202-504-2474.
7.Upon receiving both the Form ID and notarized document, the SEC will approve the application and email the instructions and information needed to create filing codes. This email will be sent to the email address provided in the Form ID. Please note it may take several days until the application is approved.
8.Once the acceptance email has been received, open the Filer Management web site, click on "Generate Access Codes (New/Replacement)" and submit the form using the passphrase you created and the CIK code provided in the email from the SEC. The registration process will then be complete.