SEC
A United States federal regulatory agency responsible for overseeing securities markets. In recent years it has advanced mandatory climate-related disclosure requirements for publicly listed companies.
Core Facts
The U.S. SEC issued guidance on AI use in 2023, requiring financial institutions to retain complete records of AI-assisted decisions.
An S-1 filing is a registration statement that the U.S. Securities and Exchange Commission (SEC) requires companies to submit before an IPO, containing information such as financial status, business model, and risk factors.
The Howey Test originates from the 1946 U.S. Supreme Court case SEC v. W.J. Howey Co.
Timeline (last 90 days)
Confidential submission relies on the channel opened up for emerging growth companies by the 2012 JOBS Act, allowing companies to first submit a draft to the SEC on a non-public basis and revise it repeatedly before formally going public.
The S-1 is the registration statement the U.S. SEC requires domestic companies to submit before going public, covering the business model, financial data, risk factors, equity structure and executive compensation, among other things.
The filings workload has clear seasonality: 10-K deadlines are 60, 75, or 90 days depending on filer size, and quarterly reports follow 40 or 45 days after the end of each quarter.
EDGAR's full-text search covers electronic filings since 2001 and can be accessed for free via the efts.sec.gov full-text search interface or the data.sec.gov structured data API, with no API key required, but there are rate limits (typically no more than 10 requests per second) and a User-Agent declaration requirement.
EDGAR is the US SEC's electronic filing system, which since 1993 has gradually replaced paper filings and requires listed companies to submit registration statements, periodic reports (10-K, 10-Q, 8-K), proxy statements, and other documents electronically.
The SEC publishes the exact acceptance time of each filing, and its submissions API keeps one file per company. Arhan Canli measured 450 filings from 25 companies, of which 12 files had correct times, and 13 files (including Apple, Nvidia, and Amazon) had every time shifted by one New York time zone offset: four hours in summer and five hours in winter.
The SEC is mainly responsible for the securities and their derivatives markets, while the CFTC focuses on the commodity futures and over-the-counter derivatives markets.
The SEC's XBRL API (companyfacts, companyconcept, frames) includes only facts that use non-custom taxonomies and apply to the entire filing entity, excluding segment and dimension facts and company extension tags.
Of the values in the field named "Ticker" in the SEC's N-PORT form, about 28% (out of about 17.4 million values) are not stock tickers, including mortgage pool codes, bond issuer symbols, futures contracts, and the like.
N-PORT is a holdings disclosure form that the SEC has required registered funds to file quarterly since 2019, replacing the previous N-Q.
31 more timeline events
All Facts (20)
The U.S. SEC issued guidance on AI use in 2023, requiring financial institutions to retain complete records of AI-assisted decisions.
70%VerifiedAn S-1 filing is a registration statement that the U.S. Securities and Exchange Commission (SEC) requires companies to submit before an IPO, containing information such as financial status, business model, and risk factors.
65%VerifiedThe Howey Test originates from the 1946 U.S. Supreme Court case SEC v. W.J. Howey Co.
65%VerifiedGrayscale Investments engaged in a multi-year legal battle with the SEC, and in 2023 a federal court ruled that the SEC's grounds for rejecting Grayscale's ETF application were insufficient.
65%VerifiedIn January 2024, the SEC formally approved the first batch of 11 spot Bitcoin ETFs.
65%VerifiedIn 2023, the SEC sued Coinbase and Binance, classifying multiple tokens as unregistered securities.
65%VerifiedIn 2021, former Facebook data scientist Frances Haugen filed a complaint with the U.S. Securities and Exchange Commission and leaked tens of thousands of pages of internal documents to media outlets including The Wall Street Journal.
65%UnverifiedFormer SEC official William Hinman first introduced the concept of 'sufficiently decentralized' in a 2018 speech, arguing that when a network reaches a sufficient degree of decentralization, its native token may no longer be considered a security
90%Unverified2012年《JOBS法案》允许公司秘密提交S-1文件，2017年SEC将这一权利扩展至所有公司
90%Unverified秘密提交后，公司必须在路演开始前至少15天公开其S-1文件
85%UnverifiedThe entire IPO process from initiation to listing typically takes 6 to 12 months and involves multi-party collaboration among law firms, investment banks, auditors, and underwriters.
70%Unverified美国OCC（货币监理署）和SEC对算法决策系统均有明确的人工监督要求
70%UnverifiedThe S-1 is the registration statement the U.S. SEC requires domestic companies to submit before going public, covering the business model, financial data, risk factors, equity structure and executive compensation, among other things.
50%UnverifiedConfidential submission relies on the channel opened up for emerging growth companies by the 2012 JOBS Act, allowing companies to first submit a draft to the SEC on a non-public basis and revise it repeatedly before formally going public.
50%UnverifiedEDGAR is the US SEC's electronic filing system, which since 1993 has gradually replaced paper filings and requires listed companies to submit registration statements, periodic reports (10-K, 10-Q, 8-K), proxy statements, and other documents electronically.
50%UnverifiedEDGAR's full-text search covers electronic filings since 2001 and can be accessed for free via the efts.sec.gov full-text search interface or the data.sec.gov structured data API, with no API key required, but there are rate limits (typically no more than 10 requests per second) and a User-Agent declaration requirement.
50%UnverifiedThe filings workload has clear seasonality: 10-K deadlines are 60, 75, or 90 days depending on filer size, and quarterly reports follow 40 or 45 days after the end of each quarter.
50%UnverifiedThe SEC publishes the exact acceptance time of each filing, and its submissions API keeps one file per company. Arhan Canli measured 450 filings from 25 companies, of which 12 files had correct times, and 13 files (including Apple, Nvidia, and Amazon) had every time shifted by one New York time zone offset: four hours in summer and five hours in winter.
50%UnverifiedThe SEC is mainly responsible for the securities and their derivatives markets, while the CFTC focuses on the commodity futures and over-the-counter derivatives markets.
50%UnverifiedThe SEC's XBRL API (companyfacts, companyconcept, frames) includes only facts that use non-custom taxonomies and apply to the entire filing entity, excluding segment and dimension facts and company extension tags.
50%