Securities and Exchange Commission: Difference between revisions
Strategist (talk | contribs) m fix reference |
Strategist (talk | contribs) Add info about intentional 2 week delay of FTD data that reduces transparency. |
||
| Line 5: | Line 5: | ||
*Searching or subscribing to digital feeds of litigation releases<ref>[https://www.sec.gov/enforcement-litigation/litigation-releases "SEC litigation"] - sec.gov</ref> | *Searching or subscribing to digital feeds of litigation releases<ref>[https://www.sec.gov/enforcement-litigation/litigation-releases "SEC litigation"] - sec.gov</ref> | ||
== Transparency concerns == | ==Transparency concerns== | ||
The Fails-to-Deliver (FTD) data set is released at two-week intervals with a two-week delay <ref>[https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data "Fails-to-Deliver Data"] - sec.gov</ref>. As a result, the oldest data by the time of publication is already one month old. This intentional delay has an effect of reducing transparency for individual investors. The ability of FTD to be released at a significantly faster rate, has been evidenced by the accidental release of GME FTD on February 12, 2022, followed by the subsequent official release of the same data on February 28, 2022 <ref>[https://x.com/chartexchange_/status/1498373341375307778 "The new FTD numbers are identical to the numbers accidentally released two weeks ago, suggesting the @SECGov is artificially delaying public reports."] - x.com</ref>. | |||
There are numerous instances of FTD being redacted. In December 2024 the SEC denied Freedom of Information Act (FOIA) request regarding significant gaps in GME's FTD data around key market events with "foreseeable harm" standard as justification for withholding data <ref>[https://franknez.com/the-sec-now-rejects-a-foia-request-for-missing-gamestop-ftd-data "The SEC now rejects a FOIA request for missing GameStop FTD data"] - franknez.com</ref>. | |||
==References== | ==References== | ||