The Securities and Exchange Commission (SEC) has adopted new rules and amendments to enhance the security and management of accounts on their EDGAR system, referred to as "EDGAR Next." These changes, effective March 2025, require filers to authorize specific individuals as account administrators using credentials obtained through a government service called Login.gov. Filers must also keep their account information accurate and perform an annual confirmation. Additionally, the SEC will offer optional APIs for more efficient electronic submissions and account management.
Simple Explanation
The SEC is making its online system for financial information safer and easier to use by having adults in charge of each profile, just like how libraries have librarians. Starting next year, people using this system will need a special key from a website called Login.gov to show they’re allowed in, and they’ll also get new tools to help them send their information more easily.