The SEC is joining the 21st Century by phasing in electronic software that will allow investors easier access
The Securities and Exchange Commission is to give its 1980's database the push by upgrading its technology to IDEA.
Short for Interactive Data Electronic Applications the new software will allow investors faster and easier access to financial information regarding public companies and mutual funds.
The new technology replaces the SEC's current system EDGAR, which was launched when the markets only used paper, and will mark the SEC's transition from collecting forms to an information provider. Investors will be able to receive more up-to-date financial disclosure in a form they can use.
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