Facts (39)
Data Freshness
Fresh
Last update: 1d ago · Avg age: 1697d
Confidence Tiers:
Primary Source — cross-referenced government/corporate filings
Pending Review — sourced but not independently verified
AI Inference — analytical hypothesis from cross-referencing
Documented Records (38)
Sourced from government databases, press reports, and corporate filings. Not yet independently verified.
Primary Source
Nearly 33% of SEC enforcement actions in FY 2025 focused on offering fraud or insider trading, up from 26% the previous year
Primary Source
SEC brought 456 enforcement actions in fiscal year 2025, obtaining $17.9 billion in monetary relief
Primary Source
SEC Chair Paul Atkins testified in February 2026 that prediction markets are a 'huge issue' with 'overlapping jurisdiction' among federal agencies
Primary Source
Investment advisers with $100 million or more in assets under management must register with the SEC
Primary Source
Mid-sized advisers must register with the SEC if they are not required to be registered as an adviser with or not subject to examination by the state securities authority where they maintain their principal office
Primary Source
Foreign advisers seeking to qualify for the Private Fund Adviser Exemption are required to comply with certain SEC reporting and record keeping obligations, including a short Form ADV Exempt Reporting Adviser Part 1
Primary Source
The SEC and CFTC issued joint interpretive guidance on March 17, 2026 clarifying crypto asset classification under federal securities laws
Primary Source
Over 17 million filings existed in EDGAR as of May 25, 2025
Primary Source
EDGAR filing system was phased in from 1993-1996, with all public companies required to file electronically by May 6, 1996
Primary Source
Companies were using authentic financial data in EDGAR test filings instead of dummy data, which was compromised
Primary Source
EDGAR breach was discovered and addressed in October 2016, but SEC only learned of potential illicit trading use in August 2017
Primary Source
SEC EDGAR system was breached in 2016 through software vulnerability in test filing component
Primary Source
Private fund advisers with less than $150 million in assets under management are exempt from SEC registration but may be required to file reports
Primary Source
Venture capital fund advisers are exempt from SEC registration if they solely advise venture capital funds as defined by SEC rules
Primary Source
Investment advisers with assets under management between $25 million and $100 million are classified as mid-sized advisers subject to state regulation unless required to register in 15 or more states
Primary Source
The Dodd-Frank Act eliminated the private adviser exemption effective July 21, 2011, requiring larger private fund advisers to register with the SEC
Primary Source
Form ADV Part 1 requires information about investment adviser business, ownership, clients, employees, business practices, affiliations, and disciplinary events
Primary Source
Investment advisers must file Form ADV with the SEC to register and provide annual updating amendments within 90 days of fiscal year end
Primary Source
Over 17 million filings stored in EDGAR database as of May 25, 2025
Primary Source
EDGAR Next platform launched in 2024, requiring Login.gov authentication for all filers
Primary Source
Foreign companies and foreign governments required to submit filings via EDGAR beginning November 4, 2002
Primary Source
EDGAR database was hacked in September 2017, with companies' data potentially used for insider trading
Primary Source
Filers must make affirmative request that SEC staff change submission to correct information, including any date adjustment, due to EDGAR or SEC staff error
Primary Source
SEC staff generally do not correct errors in EDGAR filings and will consider making deletions or adjustments for errors only in rare circumstances
Primary Source
SEC requires electronic filing of most forms through EDGAR system with specific procedures for corrections and amendments
Primary Source
Institutional investors contribute the vast majority of investment dollars in SPACs, with minimal participation by retail investors
Primary Source
SPAC IPOs and de-SPAC transactions became increasingly popular in 2020 and 2021, leading to increased SEC scrutiny
Primary Source
Institutional investment managers with at least $100 million or more in assets under management are required to file Form 13F within 45 days after each calendar quarter
Primary Source
Venture capital firms are required to file Form D disclosures with the SEC for private securities offerings
Primary Source
Over 324 SPACs from the 2021 cohort (more than 50%) were liquidated without completing acquisitions
Primary Source
In 2021, there were 613 SPAC IPOs that raised $162.5 billion in total
Primary Source
ERAs must file Form ADV updates at least once annually, within 90 days of fiscal year end
Primary Source
Most venture capital firms qualify as Exempt Reporting Advisers (ERAs) and have different Form ADV requirements than fully registered investment advisers
Primary Source
SEC requires investment advisers to file Form ADV annual amendments within 90 days of the end of their fiscal year
Primary Source
The emergency orders were amended on September 21, 2008, to delay public disclosure of Form SH filings by two weeks
Primary Source
The SEC's emergency orders were initially set to expire October 2, 2008, but were extended to October 17, 2008
Primary Source
Emergency Order 58591 required institutional investment managers to file Form SH reports on EDGAR beginning September 22, 2008
Primary Source
The SEC issued three emergency orders on September 17-18, 2008, under Section 12(k)(2) of the Securities Exchange Act
Raw Filing Records (1) — unsourced metadata
Pending Review
Securities and Exchange Commission filed filing with the SEC on 2003-03-20. Accession number: N/A.
Date: 2003-03-20
Added: 09 Apr 2026
SEC FILING SEC EDGAR: filing — Securities and Exchange Commission (2003-03-20)
📋
All Connections (15)
created
confirmed
SEC created Form SH through emergency orders for short sale reporting
functional_equivalent
confirmed
UK corporate filing system equivalent to US EDGAR
current_chairman
confirmed
Current SEC Chairman implementing back-to-basics enforcement approach
leadership
confirmed
SEC Chair who testified about SPAC concerns in May 2021
regulatory_oversight
confirmed
Founders Fund LLC is registered with and regulated by the SEC as an investment adviser
regulated_by
confirmed
Registered as investment adviser under SEC oversight
regulated_entity
confirmed
Clarium Capital was registered as investment adviser with SEC under CRD number 138971
adversarial
confirmed
Hacker who breached SEC EDGAR system
contractor
confirmed
Awarded contract for EDGAR modernization requirements
contractor
likely
Provided forensic investigation services for EDGAR breach
internal oversight
confirmed
Conducted audit of EDGAR enhancement efforts
internal unit
confirmed
SEC office created to oversee EDGAR modernization
archival_custody
confirmed
NARA maintains historical SEC electronic records with documented gaps
leadership
confirmed
Served as SEC chairman and disclosed EDGAR security breach
registered_with
confirmed
US entity is registered investment adviser under SEC file 801-108927
Sources (45)
2004-03-04
SEC FILING SEC EDGAR: filing — Securities and Exchange Commission (2004-03-04)
sec_filing
Processed
2014-03-28
SEC FILING SEC EDGAR: filing — Securities and Exchange Commission (2014-03-28)
sec_filing
Processed
2011-09-28
SEC FILING SEC EDGAR: filing — Securities and Exchange Commission (2011-09-28)
sec_filing
Processed
2008-03-28
SEC FILING SEC EDGAR: filing — Securities and Exchange Commission (2008-03-28)
sec_filing
Processed
2007-05-09
SEC FILING SEC EDGAR: filing — Securities and Exchange Commission (2007-05-09)
sec_filing
Processed
2003-03-20
SEC FILING SEC EDGAR: filing — Securities and Exchange Commission (2003-03-20)
sec_filing
Processed
Goblin House