Company officers, directors, and owners of at least 10% of a company must disclose transactions of their company's stock in a Form4 with in two business days. This article looks at the transaction individually and disposition of the transaction: whether it was acquired or disposed (of).
moreSome filings are due periodically. Others are filed following an event. We examine the frequency of SEC filings over the last four years. The plots above show the number of filings by date for the last four years. For clarity, the x-axis is the Julian date (i.e., February 1 is day 32). Similarly, the days with no filings (most weekends and holidays) are not plotted. The days when the plot appears to touch the origin are weekends/holidays with a few (not zero) filings. The peak each year is in the middle of February. There is an overall cycle that is shown year to year.
moreMistakes happen. Therefore, the SEC accepts amended filings. We looked our database of all filings since 2014, more than seven million. We found more the 600,000 amended filings. Thus nearly one in ten filings is an amendment. Of course these amended filings are not uniformly distributed. It is easy to think of amendments as errors and, therefore, the relative frequency of amended filings as the error rate. That may not be the best term. But amending a filing consumes resources, so there is something wrong.
moreThe Securities and Exchange Commission is warning investors to be on guard against a new type of investment scam involving fake Form 4 filings. Fraudsters are sending official-looking Form 4 documents to potential victims, trying to establish credibility and dupe them out of money.
moreThe SEC recent revised the standards for reporting of mutualfunds and ETFs. They issued as bulletin discussing how to read the latest reports.
more
