Hey all! Wanted to bring attention to a SEC Comment period which is ongoing at the moment (but closes tomorrow), which John Wooten covered on last weeks Taking Stock.
TLDR - The SEC is considering opening up EDGAR's API. EDGAR is the file submission and storage system which all US companies must use to submit reports such as 10-Q/10-K, 13D, and hundreds more. These submissions can be arduous or complicated process and companies often choose to outsource to expensive specialty firms or to their transfer agents.
If the API is opened up, issuers everywhere would be able to use or develop more modern tools to submit electronic data in a cheaper and more sustainable way.
I believe that John Wooten, who is founder of BlockTransfer (an SEC approved Transfer Agent which maintains client ledgers on the Stellar blockchain) is trying to help level the playing field of complexity so that his business can get a better foothold. I'm all for blockchain transfer agents and I'm all for open API, so I'm interested to support this proposal.
BlockTransfer will be submitting a comment letter tomorrow, which I have here to share. Please check out the proposal information as well. If you have any comments you want added on anonymously OR if you want to submit a comment yourself OR if you want to submit the BlockTransfer comment letter PDF as show of support, here are the ways to do so.
Read more about the proposal:
https://www.sec.gov/rules/2023/09/edgar-next
https://www.sec.gov/files/rules/proposed/2023/33-11232.pdf
Submit a comment:
https://www.sec.gov/comments/s7-15-23/edgar-next#no-back
Currently Received Comments:
https://www.sec.gov/comments/s7-15-23/s71523.htm
BlockTransfer's Comment Letter:
https://blocktransfer.com/EDGAR-next.pdf