Questions tagged [sec]

United States Securities Exchange Commission - Regulatory Agency

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6
votes
1answer
584 views

What dictates the costs of creating an options contract? (Commissions breakdown)

What are the exact components of options commissions? In other asset classes like stocks, I can clearly see the evolution of regulatory changes that allowed businesses to compete on the price of ...
4
votes
2answers
173 views

Investing for family

I have a personal investing style which nets me exceptional returns for small investments (under $600k) and 2% - 8% better than index funds (annualized) on larger investments. Let's say my parents ...
4
votes
2answers
361 views

Does material nonpublic information cover knowledge of unannounced products?

The most common definition I read of Material Nonpublic Information is something like this: Information is material if there is a substantial likelihood that a reasonable investor would consider ...
3
votes
1answer
205 views

Is it likely that a London office of a US-based broker will have an SEC Officer 'in-house'?

Is it likely that the London office of a US-based broker will have an SEC Officer 'in-house'? This is in regard to confirming a purchase with the company. The call time was between 3am and 4am London ...
2
votes
3answers
370 views

Can non-accredited investor remain as a shareholder in private company?

In the US one has to be accredited investor to buy stock in a private company. However, does one still need to be accredited investor in case a public company goes private (i.e. get delisted from ...
2
votes
1answer
39 views

eBay Revenue Statement Discrepancy

In the eBay's 10-K filing to the SEC in 2014, they said that their revenue in 2012 was $14,072k. But in their 2015 statement, it shows as $7,371k Why is there a discrepancy in these two filings? Why ...
2
votes
1answer
318 views

How do US companies release their public float share counts?

Looking at AAPL, how does Yahoo Finance calculate that today's float is 4.59B shares? I was hoping to find SEC filings from AAPL confirming this, but I can only conclude that the float was 5.20B back ...
2
votes
1answer
90 views

When a company reports it earnings, when does the SEC EDGAR system show the report online?

I am looking at a stock right now Ascent Solar Technologies Inc which according to the Calendar of US Earnings was supposed to report their earnings before the market opened today on August 12. So I ...
2
votes
0answers
66 views

What happens if stock election to approve accounting firm fails?

Every year I get prospectus for several different stocks with voting instructions for board members and a few other things. Evey single one has "Shall XXX be approved as the accounting firm?" What ...
2
votes
1answer
285 views

Why are there no exchange traded options on 3x leveraged ETNs

Since these would help me manage risk in my personal financial portfolio, why are there no exchange traded options on 3x leveraged ETNs? Is there a prohibition that the SEC is perpetuating? Is there ...
1
vote
2answers
143 views

Should a retail trader bother about reading SEC filings

What exactly is an SEC filing? Is it like a quarterly earnings report, a press release? I could not understand much from the wikipedia link. Can you give an example where reading SEC filings has ...
1
vote
1answer
208 views

Could my app take deposits from and execute stock trades for others but using my own brokerage account?

Don't know if this questions belongs here but I'd figure this place is the closest in relevance. Basically, I want to build an investing application that is open for the public to use. Many ...
1
vote
3answers
7k views

Best way to day trade with under $25,000

I recently learned that the pattern day trader rule will keep me from day trading stocks because I have less than $25,000. I found out it only applies to margin accounts so I figured I'd be fine just ...
1
vote
1answer
93 views

What happens to personal data I disclose for joining an employee stock plan?

My employer has offered me to participate in a stock incentive program wherein I will receive a certain amount of stock in their American parent corporation on the (ostensibly) sole condition that I ...
1
vote
1answer
133 views

What does “AMGP” stand for?

I'm now analyzing XBRL document. https://www.sec.gov/xbrl/site/xbrl.shtml There are namespaces gaap that stands for "Generally accepted accounting principles" and dei for "Document and Entity ...
1
vote
3answers
184 views

Reason for “qualified” buyer requirements to exercise stock options/rights spun off from parent company?

Recently a company in which I own a few shares issued a bunch of options for a portion of their business which was not previously traded publicly. This subsidiary business will begin trading publicly ...
1
vote
1answer
37 views

Question regarding Schedule 13D

I have very limited accounting experience, and I'm looking at the publicly traded firm, QC Holding, Inc. I want to know more about controlling interest in the firm, so I was looking at their SC 13Ds ...
1
vote
1answer
257 views

Is there a free and public record of insider trading?

I am looking for a free and extensive public record of insider trading deals (director dealings). My understanding is that such data should be public record however I cannot find a decent source. ...
1
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0answers
57 views

How best to comply with Regulation D of the Securities Act?

I am under the impression that there are some restrictions on raising money from outside investors for an investment fund. In particular Regulation D of the Securities Act of 1933 provides a few “...
1
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0answers
25 views

Does the SEC (or any governing body) limit Rights Offerings?

Could AAPL offer all shareholders a non-transferable right to purchase two shares at a 20% discount (from today's price, exercisable for one month) for each share they own? This announcement will (...
1
vote
1answer
43 views

Why is 8K Q4 income statement metrics be different from the difference between 10-K and the Q1-Q3 metrics?

For SEC filings, why would 8K income statement metrics be different from the 10-K metrics? Ie. share count reported in the 8K quarter 4 report is different from share count in 10-K Why can't you ...
1
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0answers
40 views

For spin-off situations, where can I find information on insider participation?

I'm going through the Form 10-12B for the 2015 HP/HPE spin-off. I'm wondering where on the form I would find information on insider participation, for example I'd like to answer the following ...
1
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1answer
363 views

Where to see SEC filings for companies that only trade on TSX

For a Canadian company that only trades in TSX and none of the US exchanges, is there a Canadian equivalent of SEC filings? Which website will have that info?
1
vote
1answer
74 views

American Airlines 10-K outstanding shares

The opening paragraphs of American Airlines 2017 10-K states: there were 473,138,683 shares of American Airlines Group Inc. common stock outstanding there were 1,000 shares of American ...
1
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2answers
77 views

Why are quarterly EPS values different on different sites?

Looking up EPS values for several companies I noticed that sometimes webpages (e.g. marketwatch.com, iextrading.com) report different values than the ones found on the SEC 10-Q filings. Why does this ...
0
votes
3answers
6k views

How to find a public company's balance sheet and income statement?

In the U.S., if a company's stock is publicly traded, it is legally required to file public financial disclosures to Securities and Exchange Commission. How can I find the balance sheet and income ...
0
votes
1answer
374 views

Yahoo finance vs SEC filings fundamentals

from your experience - would you rely on yahoo finance data as a source for your research? For example 1st Constitution Bancorp (NASDAQ FCCY): Yahoo finance claims under Balance Sheet data $245,490,...
0
votes
1answer
384 views

Large orders and market manipulation

A while ago there was a "flash crash" in the price of Ethereum widely understood to be the result of a particularly large sell order. I have recently heard people saying that the person who placed ...
0
votes
1answer
259 views

What is the purpose of a letter stock

What is the purpose of a letter stock more than protect a resale of the stock? Is it related to mutual funds in any way? How can an investor have access to these stocks if are not traded publicly? ...
0
votes
2answers
60 views

Element to consider in the SEC filing [closed]

Today, the stock TWOU dropped by 70% today. What are the elements to analyse in the SEC filings to predict such a movement?
0
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1answer
49 views

SEC institutional pre-IPO disclosure

All funds/managers with assets above 100M need to file their holdings with the SEC in the form of a 13F. like this one for example : https://sec.report/Document/0001567619-19-011051 There is a column ...
0
votes
1answer
74 views

What is the origin of the name of Form 10-K?

I am assuming that Form 10-Q stands for quarterly, though I can't derive a good reason for the 10. Wikipedia: The name of the Form 10-K comes from the Code of Federal Regulations (CFR) designation ...
0
votes
1answer
43 views

How to read Morningstar's fund holdings?

I am trying to understand the numbers in the holdings for VEXPX (I'm not specifically interested in this fund, this is just an example) compared to SEC filings (which I guess limits the question to US ...
0
votes
1answer
85 views

Why MSFT Earnings Release FY18 Q4 is missing in the SEC filings?

I was checking the validity of the data of some fundamental data provider and used MSFT as an example. I was surprised that it doesn't have the latest MSFT Earnings Release for FY18 Q4. The published ...
0
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0answers
20 views

Releasing several 424B2 under several consecutive days

I realize sometimes, there's companies releasing a bunch of 424B2 (SEC) files under several consecutive days. A recent example of that might be TVIX. Is it a good or a bad sign for the company? Why do ...
0
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0answers
36 views

If I have stock that is unregistered at the time of a company buyout does my stock automatically register?

I was a contractor for a small public company for which I received stock compensation. There is a fee to register the stock so I am waiting to see if the stock ends up being worth anything before ...
0
votes
1answer
331 views

Why a company files multiple S-1 (IPO)

I have noticed companies file multiple s-1 and s-1/a What is the difference between s-1 and s-1/a when both are being used to file IPO. And why a company files multiple s-1 / s-1/a forms. Isn't that ...
-1
votes
5answers
435 views

Why is one person allowed to own a majority of voting rights in a publicly traded company?

I heard on Marketplace tonight that Mark Zuckerberg owns 58% of the voting rights in Facebook (not a majority of the shares, but he owns many Class B shares, which have 10 votes apiece compared to 1 ...
-1
votes
1answer
193 views

Swing Trading Roth IRA & SEC's Reg T+2 amendment?

Few resources state that swing trading Roth IRA account would be difficult due to SEC's Reg T+3 which per SEC Website is now Reg T+2 effective Sept. 5, 2017. Even prior to SEC's amendment, my ...
-2
votes
1answer
72 views

How can someone determine if the purchase is on the open market from sec.gov filings?

There are sites on the web that show if someone purchased shares of a company when they are an officer, director or 10% shareholder on the open market. I understand that open market shares are non-...