Need for information about companies drives SEC records online
When big money rides on stock buy-sell decisions, people want to know as much as they can about companies. That need for information has pushed SEC records online thanks to a private company demanding the government comply with FOIA. A Minneapolis company called Disclosure Insight (
www.disclosureinsight.com) has started posting on the Web thousands of SEC comment letters after suing the agency. See the letters by going to the Web site and clicking on the "Company Search" box at the top right corner. The SEC for years used blanket denials of legitimate records requests and provided little information online. It took the needs of the private sector to sue and pry the records loose. See a
story in the Minneapolis Star Tribune.