Although we are not a proxy for the entire market it is interesting that since the SEC guidance on web disclosure we have seen a noticeable increase in clients looking to enable RSS feeds for their corporate web sites along with increasing the prominence of their email alerts. I’m really pleased to see this happening so close to the announcement and I think it is an early indication of the changes the SEC intended when it released the guidance. 
It is obvious that it is going to take some time for …

If you’ve had a chance to go through the 47 page guidance and specifically the section regarding “dissemination” of information and what “public” means in the context of RegFD and the corporate web site you’ve likely been left scratching your head thinking “ok, so now what?”The issue of what constitutes public information is one of the grey areas of the latest guidance. The purpose of this post is to try and provide some additional color to the guidance and help you understand what it is going to take in order …

Late last week the SEC issued guidance on how companies can use corporate web sites and blogs for the release of material information under regulation Fair Disclosure. This timely announcement has the potential to dramatically impact the corporate disclosure industry.
Rather than outlining the content of the guidance I thought I would provide some initial thoughts on what I see as being the key messages of the interpretive release. If you are not familar with the guidance please see the following links for more information.  
SEC Docs

The full SEC interpretive release (47 page PDF)
SEC Press …

This past Friday SEC Chairman Christopher Cox announced the launch of the “Financial Explorer” on the SEC Web site to help investors quickly and easily analyze the financial results of public companies. Financial Explorer paints the picture of corporate financial performance with diagrams and charts, using financial information provided to the SEC as “interactive data” in eXtensible Business Reporting Language (XBRL).
Financial Explorer is easily the most impressive XBRL based application that we have seen to date. It does a great job of taking the complex explanation of XBRL and puts …

Although XBRL has been around for 10 years now ( the history of XBRL ), the adoption and acceptance has only begun to significantly accelerate during 2007 with the support of Christopher Cox and the SEC. As part of the recent SEC draft advisory document “ SEC Advisory on Financial Reporting” there are details on the mandating of XBRL filing (see pages 74 to 87 in the PDF). The full report can be downloaded here (3MB)
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