The Securities and Exchange Commission (SEC) has introduced a new rule to enhance the reliability and integrity of submissions made through its electronic system, EDGAR. This new rule allows the SEC to take specific actions like removing sensitive personal information, blocking submissions that pose cybersecurity threats, and addressing unauthorized use or errors. Additionally, the rule outlines how the SEC will notify filers of these actions. The rule aims to provide clearer guidance on the SEC's administrative processes while maintaining the security and accuracy of information submitted through EDGAR.
Simple Explanation
The SEC made a new rule to keep their online system safe and accurate by letting them fix mistakes, stop threats, and protect people's private information when needed. They promise to tell people what they did as soon as they can.