Some years ago, the SEC/GOV passed law requiring that all SEC/Securities documents filed with the government must also be filed in electronic form. This is what EDGAR means.
In the begining, EDGAR meant de-constructing a formated document and reducing it to ASCII and spaces; it was time consuming bullshit work, but it paid a lot of money.
In the begining of the EDGAR filing system, the financial publishers could not find enough people to handle the EDGAR load and they were charging mega bucks to destroy formated documents and reduce them to EDGAR format.
In the beginning, there was a lot of high priced sepcialized EDGAR software packages designed to de-construct formated documents.
Since I last did anything EDGAR related, I have heard that the government is switching to html (from the bullshit ASCII and spaces format it was using) which should reduce EDGAR to your basic bullshit that any idiot can do.
But it still seems as though a lot of law firms do not have EDGAR departments and are trying to create EDGAR departments.
so far everyone I've seen doing EDGAR at law firms have been total idiots; they all looked like reject "GRAPHIC" artists who were booted out of IBanks and then discovered that they could STAR at law firms where most of the idiot Operators don't even know Excel and Powerpoint.
While IBanks are required to file their securities documents in EDGAR format, the IBanks don't do it themselves, they send the documents to their lawyers instead for their lawyers to file them.
Obviously, the law firms that specialize in the securities industry (and IBanks) would be the ones that would be the market for EDGAR Support LLCs. There are a lot of insurance companies also which seem to have a heavy requirement for EDGAR departments.
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