In 1992, the SEC created a computerized system, known as the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system that allows companies to:
A) upload required information directly.
B) sell its shares to the public online.
C) make advertisements on the web.
D) register with the Federal Trade Commission.

Question

Quizplus · Accepted Answer

The Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system is a computerized system created by the SEC in 1992 that allows companies to upload required information directly. This information includes annual and quarterly reports, proxy statements, and other filings required under the securities laws. The system makes this information available to the public on a free, real-time basis.

B, C, and D are incorrect as they are not related to the EDGAR system's purpose.

In 1992, the SEC Created a Computerized System, Known as the Electronic