Comments Working and SEC Due Diligence
Thanks to Davis, who wrote:
"I was reading your article where you suggested that people use the SEC's website to look for information and I wanted to leave a comment mentioning that the SEC just launched full text search for the last four years worth of filings, but I think that your comment system is down.
Full text has been around for Bloomberg users for years, but the general public hasn't had access. I've been playing with the feature and it's pretty neat. Instead of just looking up companies, you can put someone's name into the SEC search and see if they show up anywhere in any filings.
I've already found out new information on big companies, but if I was research a penny stock, you can bet that some of the names you put in would return some pretty crazy results.
It'd be nice to see the SEC add more archives to the database, but this is probably the best new filtering tool I've seen in a year. It doesn't replace other forms of due diligence, but even though the program is still in beta, the SEC has just turned over a tremendous amount of information to the public. The link to full text search can be found at their main website. I bet if you put in some of the names from your research, you'd find more than a couple of MLM scam artists who have also used the public markets to hawk their schemes.
Regards,
Davis"
I believe that I have fixed the problem with comments, but if you are having trouble, please email me. You may have to delete the cookies for www.bizop.ca in your browswer before you are able to post.
Comments
Good luck on your new site, Frank
Posted by: Michael Webster | May 24, 2007 3:07 PM
Keep up the good work Michael.
Lets shut down the scammers and fraudsters
My new site is up, but needs lots of work. Come visit
Posted by: Frank Thomas | May 24, 2007 2:54 PM