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Category Archives: Securities Law

Trump Cancels The SEC’s Westlaw Subscription

Above the Law: “The new administration has made it clear that they don’t have much interest in enforcing the nation’s securities laws. Except maybe as an avenue to accuse companies of dishonoring shareholders by promoting ESG initiatives. The point is, Trump has a meme coin to sell and a media company stock to fluff so SEC enforcement has to hit the bench for a few years. Meanwhile, shadow president Elon Musk still nurses a grudge toward the agency for having the audacity to enforce the voluntary settlement he signed curtailing the risk he might commit fraud at scale over social media . But that’s not actually the reason they just cut off the SEC’s Westlaw access. And while on the surface, the canceled contract looks like another ill-conceived cost cutting measure from Musk’s bumbling speedrun through the federal budget, the reality appears to be much dumber…Earlier today, we learned that the word had gone out to executive agencies to purge all access to a variety of media that don’t meet the administration’s editorial standards…” [I doubt this is the only agency that forced to cancel access to Westlaw and Lexis. Please share additional information so that I may track this accurately. Thank you.]

Elon Musk’s Business Empire Scores Benefits Under Trump Shake-Up

The New York Times – “Government investigations into Mr. Musk’s companies are stalling from President Trump’s firings and Biden administration resignations… Trump firings hit agencies with oversight of Musk’s companies. Staffing changes, including the firing of several top officials, have affected agencies with federal investigations into or regulatory battles with Elon Musk’s companies… The events… Continue Reading

It’s pretty easy to cut $2 trillion from the federal budget, actually

Pluralistic: “If Elon Musk wants to cut $2t from the US federal budget, there’s a pretty straightforward way to get there – just eliminate all the beltway bandits who overcharge Uncle Sucker for everything from pharmaceuticals to roadworks to (of course) rockets, and then make the rich pay their taxes. There is a ton of… Continue Reading

New EDGAR advanced search gives you access to the full text of electronic filings since 2001

What is Full-Text Search? Full-Text Search will allow you to search the full text of all EDGAR filings submitted electronically since 2001. The full text of a filing includes all data in the filing itself as well as all attachments (such as exhibits) to the filing. What kinds of searches can I do on Full-Text… Continue Reading

EDGAR Next – Improving Filer Access and Account Management

EDGAR Filers: Understand and Prepare for EDGAR Next – The SEC adopted changes to EDGAR filer access and account management (“EDGAR Next”) on September 27, 2024. From September 30, 2024 through March 21, 2025, filers will be able to prepare for enrollment, and a Beta environment will be available for testing. Enrollment begins March 24,… Continue Reading

TrueMedia.org Launches a Free AI-enabled Deepfake Detector to Help Newsrooms

“TrueMedia.org, a non-partisan, non-profit organization committed to fighting AI-based disinformation, announces the launch of its deepfake detection technology for reporters, and other key audiences to use ahead of the 2024 U.S. elections.  The free tool is currently available to government officials, fact checkers, campaign staff, universities, non-profits, and reporters of accredited news organizations – from… Continue Reading

wallstreet local

“Thousands of filings from the world’s biggest investors.Wall Street’s stock portfolio, for free via wallstreet local. The Securities and Exchange Commission (SEC) keeps record of every company in the United States. Companies whose holdings surpass $100 million though, are required to file a special type of form: the 13F form. This form, filed quarterly, discloses… Continue Reading

Amazon’s Big Secret

The Atlantic [unpaywalled] – “…Nearly 30 years after the company was founded, we still don’t really know where its profits come from. The answer will loom large in the antitrust case against it. Under SEC rules, public corporations must file quarterly reports disclosing revenue, expenses, profits, and other metrics. Initially, only company-wide data were required.… Continue Reading

Pete Recommends – Weekly highlights on cyber security issues, February 17, 2024

Via LLRX –  Pete Recommends – Weekly highlights on cyber security issues, February 17, 2024 -Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the… Continue Reading

GPT and other AI models can’t analyze an SEC filing

CNBC: “Large language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus AI found. Even the best-performing artificial intelligence model configuration they tested, OpenAI’s GPT-4-Turbo, when armed with the ability to read nearly an entire filing… Continue Reading

SEC’s new data breach disclosure rules take effect

TechCrunch – What you need to know: “Starting December 18, publicly-owned companies operating in the U.S. must comply with a new set of rules requiring them to disclose “material” cyber incidents within 96 hours. The regulation represents a significant shake-up for organizations, many of which have argued that the new rules open them up to… Continue Reading

IRS says Microsoft owes an additional $29 billion in back taxes

CNBC: “Microsoft received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an 8-K filing Wednesday. Microsoft said the dispute concerns the company’s allocated profits between countries and jurisdictions between 2004 and 2013. It said up to $10 billion in taxes that the… Continue Reading