Question

Which system helps the SEC accomplish its primary purpose of increasing the efficiency and fairness of the securities markets by expediting the receipt, acceptance, dissemination, and analysis of time-sensitive data filed with it? Multiple Choice EDI ESEC EDGAR EMMA

Answer 1

ANSWER: EDGAR

It is the Short-form for

Electronic Data Gathering, Analysis & Retrieval

a database maintained by the SEC, for facilitating the companies that are legally required to submit their fiscal year-audited financial informations---

To this end, it operates through finely automated collection systems, validation, indexing, acceptance, and forwarding of submissions of financial data by listed companies.

Its purpose is to ensure efficiency, fairness, transparency as well as speedy dissemination of financial data ,so as to protect existing & potential investors.

The others which are not answers are:

EDI-Electronic Data Interchange --- for electronically transmittimg data between two or more member companies.

ESEC-Not very sure about this

EMMA---Electronic Municipal Market Access (EMMA) system,--- operated by the Municipal Securities Rulemaking Board (MSRB) wing of the SEC--- as the official website for data about municipal securities and their disclosurres.