| When SEC examiners have comments on your filings, it's usually the start of an expensive, frustrating, time-consuming process to prepare responses. For periodic filings, those SEC comments are an unwelcome piece of the compliance puzzle that you need to address quickly and efficiently. If you’re planning a public securities offering or other major strategic-financing move, those delays can be very disruptive to high-stakes processes.
Although the SEC has posted comment letters and responses on its EDGAR system, those documents are poorly presented. Crude search tools make it impossible to easily search for similar comments. The result: legal and financial professionals like you spend numerous valuable hours manually combing through the filings of competitors and peer companies for relevant precedents and language instead of focusing on higher-value analysis and response composition. What's more, you're exposed to elevated and unnecessary risks of mishandling an SEC comment.
Fortunately, there's a much better way: Comment Checker |
Radically Simplify Your SEC Staff Review Process
Comment Checker is the simple and powerful solution for public companies of all sizes that want to quickly and efficiently prepare tailored, on-point responses to comments on their SEC filings. What's more, Comment Checker can even help you proactively spot areas that can lead to unwanted SEC comments. We show you the issues that have previously drawn attention – so you can see how to structure your filings to sidestep that scrutiny before you file.
Comment Checker pulls together all publicly disclosed SEC comments and responses from more than 5,000 public companies. We've organized, reformatted, and indexed all of this information – the actual, verbatim SEC comments and company responses – enabling you to search, filter, compare, copy, and assemble that content.
One key advantage of Comment Checker: we've structured the comments and responses into a logical, sequential, highly readable format. It’s a chain of correspondence that you can navigate just like a bulletin-board discussion thread. You even have one-click access to germane SEC rules that appear in simple popup windows. The result: faster development of smarter responses to SEC comments.
Find A Specific Response
When you've received a comment or inquiry from the SEC and you know that a peer or competitor has recently dealt with the same issue, it's essential to see how they've responded. In fact, failing to look at the appropriate comments and replies is inexcusable. With Comment Checker, you can quickly hone in on the specific response that you're searching for and use that as the starting point for your own response.
Find Similar Precedents
In many instances, there can be several comments and responses that are similar to what you need to develop. Comment Checker lets you spot those relevant comments and analogize and replicate - or improve upon - those replies.
Prevent SEC Comments
Of course, an ounce of prevention is the best strategy of all.By searching through SEC comments sorted by filing document and section, you can see the types of issues that regulators and examiners are focusing on. That can help you steer clear of potential pitfalls before you file.
Comment Checker Gives You:
- More Effective Responses: You can draw on the precedents and experience of other public companies by carefully analyzing the comments they receive and how they responded. The result: more focused responses that satisfy SEC regulators.
- Pre-Filing Prevention: Strengthen your compliance by tracking recent SEC comment topics and structuring your filings to conform to the current trends. You can also see the comments your competitors are receiving.
- Timely Precedents: Comment Checker is continually updated with the latest comments and responses so you can prepare the most up-to-date, relevant responses from the most recent filings in your industry or peer group.
- Logical Presentation: Comment Checker logically groups all correspondence relating to a specific comment in one easy-to-navigate thread. You simply expand and shrink views to follow the whole thread on one screen.
- Easy Searching: Sort the various documents by form type, date range, location, SIC code, company name, market capitalization, and more. That narrows your search to what’s relevant to your business. Or, you can search for specific terms, like “executive compensation” and see what areas the SEC is focusing on – and how public companies have responded. More importantly, you can search by specific SEC Examiner. Now, you can see your examiner's preferences and structure your response accordingly.
- Simple SaaS Implementation: With Comment Checker's software-as-a-service (SaaS) model, there's no software to install or maintain. We offer a variety of innovative pay-as-you-go subscriptions – including per-use, per-user, and enterprise-wide.
- Cost Recovery: With a built-in timer, Comment Checker lets law firms capture their true costs for client-billing.
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