SEC Preps Company Data Downloads

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The data will initially include companies' quarterly and annual financial statements, as filed using the machine-readable XBRL (eXtensible Business Reporting Language) standard -- though the SEC will organize this structured data into combined datasets using other formats for bulk download and analysis -- and will be expanded in 2015 to cover footnotes to financial statements.

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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