New York – After making product revisions and executing a name change, Disclosure Insight (Previously SEC Insight) announced today that it is making available the data which the company receives from the SEC under the Freedom of Information Act free. There is a mininal registration process involved in accessing this information.
Disclosure Insight does deep dive analysis on companies, in which it summarizes 100 risk factors, grouped into 6 categories including 1) SEC Activity, 2) Auditor and Accounting issues, 3) Executive changes and analysis, 4) Analysis of the Board, 5) Capital Market transactions, and 6) Other actions, such as IRS investigations, law suits etc. The result of its analysis is the DI Report, which tabulates these risk factors and assigns a DI Score to the company. Depending on the DI Score, the company is allocated to one of three lists. The DI Focus List are those companies that are judged to be troubled, the DI Watch List are those companies deemed to have potential problems looming, and the DI Database contains the universe of companies that are covered by Disclosure Insight.
We include the press release below:
Disclosure Insight(R)
Begins Releasing SEC Records Acquired Under the FOIA
- Data on undisclosed SEC
investigations and historical comment letters now
available for free.
- Disclosure
Insight(R) stays focused as a publisher of investment
research.
PLYMOUTH, Minn., May 13 /PRNewswire/ -- In a move certain to make
public companies think twice about holding back disclosure of Securities
and Exchange Commission (SEC) investigations, Disclosure Insight(R)
(formerly known as SEC Insight) is releasing data it acquires from the SEC
under the Freedom of Information Act (FOIA) for free. This includes the
only data of its kind in the private sector regarding undisclosed SEC
investigations, as well as historical SEC comment letters previously only
available through a commercial provider or filing a FOIA request.
Disclosure Insight(R) currently tracks over 60 companies on its D.I.
Watch List(TM) where FOIA data indicates undisclosed SEC investigative
activity of some kind. Alerts and updates on undisclosed SEC investigations
will now be provided on a complimentary basis as new FOIA data comes in. To
receive them, simply sign up to receive the D.I. Mailbox(TM) at
http://www.disclosureinsight.com.
For a limited time, access to the D.I.
Watch List(TM) is also available to those who sign-up for the D.I.
Mailbox(TM). No registration is required to access the historical SEC
comment letters.
Not
all SEC investigations are of consequence to investors. Like many
risk factors, SEC investigations can also have severe consequences. To help
investors better assess and understand the risks they face when investing
in the securities of a public company, Disclosure Insight(R) is introducing
its D.I. Report(TM). This new investment research publication examines 100
separate risk factors for a public company over a 5-year history of its
filings. A recent D.I. Report(TM) on a major U.S. company is posted as a
sample at http://www.disclosureinsight.com.
When
asked why Disclosure Insight(R) was releasing its valuable FOIA
data for free, CEO John P. Gavin said, "As a publisher and independent
research provider, our business has always been about analysis and
publishing, not selling FOIA records. Now that we have the platform to
release our FOIA records, we hope to compel public companies to improve
their disclosure practices when it comes to SEC and other risks that are so
often wrapped in useless boilerplate or hidden from investors."
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Posted at 08:22 am by Thomas Hutchinson
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