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MFDF - Mutual Fund Directors Forum - EDGAR Early Access Fix Planned for First Quarter

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EDGAR Early Access Fix Planned for First Quarter

According to a recent Wall Street Journal article, the SEC plans to implement changes to the EDGAR system to resolve concerns that certain subscribers to data feeds were receiving filings in advance of public posting of the documents on the SEC’s website. The article cites a letter from Chair Mary Jo White to Senator Tim Johnson, Chair of the Senate Banking Committee, and notes that the agency plans to implement the change in the first quarter of this year. The issue was first discovered by researchers who found that subscribers to a data feed costing $1500 per month received advanced access 57% of the time, with a median 10.5 second head start.