Which activity is described as performing automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file with the U.S. Securities and Exchange Commission (SEC)?

Which activity is described as performing automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file with the U.S. Securities and Exchange Commission (SEC)?

• A. FDA
• B. FCC
• C. FAA
• D. SEC

Answer: (D)

Think of this as EDGAR, the SEC’s Electronic Data Gathering, Analysis, and Retrieval system. It handles the whole lifecycle of filings that companies and other entities are required by law to submit to the Securities and Exchange Commission. Submissions are collected electronically, checked for proper format and data validity, indexed so they can be searched by company, form type, date, and other fields, accepted into the system, and then forwarded into the SEC’s repository for public access. This process is specific to the SEC’s regulatory framework, which is why the responsible agency described is the SEC. Other agencies like the FDA, FCC, or FAA operate under different regulatory domains with their own filing systems and procedures.

Think of this as EDGAR, the SEC’s Electronic Data Gathering, Analysis, and Retrieval system. It handles the whole lifecycle of filings that companies and other entities are required by law to submit to the Securities and Exchange Commission. Submissions are collected electronically, checked for proper format and data validity, indexed so they can be searched by company, form type, date, and other fields, accepted into the system, and then forwarded into the SEC’s repository for public access. This process is specific to the SEC’s regulatory framework, which is why the responsible agency described is the SEC. Other agencies like the FDA, FCC, or FAA operate under different regulatory domains with their own filing systems and procedures.