EDGAR (Electronic Data Gathering, Analysis, and Retrieval system)

Definition

EDGAR is the Electronic Data Gathering, Analysis, and Retrieval system used by the U.S. Securities and Exchange Commission (SEC) to collect, validate, index, and forward submissions by companies and others required by law to file forms with the SEC. It facilitates efficient access to financial reports of publicly traded companies for investors and regulatory bodies.

5 Must Know Facts For Your Next Test

1. EDGAR is managed by the U.S. Securities and Exchange Commission (SEC).
2. It provides public access to corporate information filed by more than 20,000 companies.
3. EDGAR includes filings such as annual reports (10-K), quarterly reports (10-Q), and other significant documents.
4. The system aims to increase transparency in financial markets by making data readily accessible.
5. Companies must submit their filings electronically through EDGAR to comply with federal securities laws.

Review Questions

• What types of documents can be accessed through the EDGAR system?
• Why is EDGAR important for investors and regulatory bodies?
• How does EDGAR enhance transparency in financial markets?

Related terms

Securities and Exchange Commission (SEC): The U.S. government agency responsible for regulating securities markets and protecting investors.

10-K: An annual report filed by publicly traded companies detailing their financial performance.

Form S-1: A registration statement that companies must file with the SEC before going public.