By Cydney Posner

Just when you had started to develop a certain fondness for EDGAR and all his faults and frailties, the SEC has announced a glossy new replacement, called "IDEA," an acronym for Interactive Data Electronic Applications. The SEC says that IDEA will allow investors "to instantly collate information from thousands of companies and forms, and create reports and analysis on the fly, in any way they choose." EDGAR will continue to be available "for the indefinite future." During the transition to IDEA, investors will be able to take advantage of new interactive, "IDEA-like" features that will be grafted onto EDGAR in the short run, allowing investors to use IDEA’s advanced search capabilities along with the information from EDGAR within spreadsheets and analytical software. View the release

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