Multiple comments and responses on the same topic that happen over time are grouped together, so you don't mistake a company's response as satisfactory to the SEC, when it actually resulted in three additional comment letters on the topic.
Sacramento, CA (PRWEB) June 17, 2010
LogixData has officially released Company IQ-SEC Comment Letters, a solution that helps SEC filers learn how to answer SEC comments and disclose information in a manner that satisfies SEC staff and prevents future comments.
"When you match SEC comments and company responses together, you reveal conversations between the SEC and a registrant that often contain specific instructions on how to create a response that satisfies SEC staff members. Those preparing similar disclosures or answering similar comments can learn from these real-life examples," says LogixData Founder and CEO Ganesh Rajappan. "You can also learn whether or not companies have successfully pushed back on the SEC, and find out if any of the information the company provided was flagged to request confidential treatment," he says.
LogixData extracted every SEC comment and every company response since August 2004, matched them together, linked them to the original source documents, and created a database that can be searched by key words or phrases, accounting literature citations, and 20 other company, form, and date fields such as form type, industry, geography, and accounting period. There are approximately one million SEC comments and registrant responses in the database, which is updated every night with new comments and responses posted by the SEC that day.
Rajappan points out that not every SEC comment is resolved with a single response, which is why the LogixData solution joins related comments and responses together and provides an entire conversation, rather than a single comment and response out of context.. "Multiple comments and responses on the same topic that happen over time are grouped together, so you don't mistake a company's response as satisfactory to the SEC, when it actually resulted in three additional comment letters on the topic", says Rajappan.
Company IQ-SEC Comment Letters is available either as an annual subscription, which allows each licensed user to run an unlimited number of queries and reports, or on a per-report basis, for those with an infrequent or one-time need for the information. Additional resources, including sample screen prints, a product brochure, and a video demonstration are available on the company's website at http://www.logixdata.com/comments. .
About LogixData LLC
LogixData specializes in mining, linking, and converting unstructured data from proprietary documents, private placement memorandum, and SEC and other global regulatory filings into structured information, knowledge, and intelligence that users can query and extract in an "as reported", XBRL, US GAAP, IFRS, or custom format.