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The Securities Edge Securities Blog for Middle-Market Companies

Monthly Archives: June 2013

Time to throw XBRL in the trash bin?

Posted in Disclosure Guidance

It has been four years since XBRL became a four letter word to issuers and nearly eight years since the SEC introduced the concept to issuers, yet XBRL hasn’t fulfilled the SEC’s prediction of XBRL increasing the “speed, accuracy and usability of financial disclosure.”  Largely, the reason for the failed prediction is that many potential… Continue Reading

Social media and brokers: FINRA wants broker-dealers to be “friends” with their employees

Posted in Financial Institutions

With newer methods to communicate and interact with the so-called social network popping up on almost a daily basis, securities regulators have been giving more and more attention to social media and how companies and certain regulated professionals are employing it. As we discussed in a previous blog, the SEC has signed off on public… Continue Reading

The SEC gets tough – Nasdaq to pay record $10 million fine to settle Facebook IPO allegations

Posted in IPOs

May 29, 2013 was a bad day at the office for The Nasdaq Stock Market, LLC as it agreed to pay a $10 million fine to settle allegations arising from the troubled May 18, 2012 Facebook IPO. This payment was announced by the SEC in a press release which was highly critical of Nasdaq management… Continue Reading