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Free Edgar -- end of an era?
- To: com-priv@psi.com
- Subject: Free Edgar -- end of an era?
- From: arctos@arctos.com (The Arctos Group)
- Date: Mon, 14 Aug 1995 09:39:03 +0000
NO MORE FREE ACCESS TO SEC RECORDS
The Securities and Exchange Commission's Edgar system (short for Electronic Data Gathering and Retrieval), will no longer be carried on the Internet come October 1 when the government grant that sponsors the system expires.
For the past two years, Edgar has made more than 3 million documents, from corporate proxy statements to mutual fund reports, available free through an arrangement with the Internet Multicasting Service, which sponsors the site.
"The whole process of data dissemination costs money. Do you want taxpayers to pay for corporations -- including the press -- to get free filings?" says the senior SEC official on the Edgar project.
A hearing will be held Monday to discuss alternative funding possibilities.
source: St. Petersburg Times 12 Aug 95 E8 via EduPage
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