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Breaching EDGAR and getting away with trading on the information -- and we are learning about this now?! To be fair, I've used EDGAR and it is <cough> very leg
by zaroth 9y ago
Breaching EDGAR and getting away with trading on the information -- and we are learning about this now?!
To be fair, I've used EDGAR and it is <cough> very legacy. So no question it was going to be completely compromised.
I'd say the mistake was putting non-public information on it in the first place. The risk assessment for private data exposure was extreme.
- Overtonwindow 9y agoEdgar is almost as outdated as the TESS system for patents. I'm surprised someone hasn't "hacked" it long ago. Unfortunately, due to Sarbanes Oxley a lot of that infrination is required to be public.
- dboreham 9y agoShouldn’t that be “Fortunately...” ?
- dajohnson89 9y agoThat really depends on how you feel about the disclosure requirement.
- zdkl 9y agoYou're gonna have to explain why one would feel negatively about public disclosure.
- theseatoms 9y agoFor one it raises the disincentive to go public, likely causing companies to stay private for longer.
- ringaroundthetx 9y agowhy should someone have to explain that simply because you haven't thought about the existence of a possible other perspective. the united states has protected trade secrets by law far longer than its been on the transparency train. there are reasons for that, and the corporate disclosure requirements has had no effect on creating a "fair market"
- zdkl 9y agoI was just asking for an opinion from someone in that camp. Your answer does not give faith in your business practices, as a client or as an investor. I suggest you work on communication, even with strangers on the internet.
- deleted 9y ago[deleted]