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Financial Services Law Insights and Observations

SEC enhances public access to EDGAR financial disclosure data

Securities SEC EDGAR Fintech

Securities

On August 19, the SEC announced enhancements to provide public access to publicly traded companies’ EDGAR financial statements and other disclosures. For the first time, the SEC is releasing Application Programming Interfaces (APIs) that aggregate financial statement data in order to make corporate disclosures quicker and easier for developers and third-party services to use. APIs will also “allow developers to create web or mobile apps that directly serve retail investors.” According to EDGAR Business Office Director Jed Hickman, the “new APIs make important information about public companies more accessible and usable than ever before.” He added that this is another step in “the SEC’s continuing efforts to facilitate innovation and make financial disclosure data accessible to all market participants.”

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