SEC Insight, a private research company of Plymouth, Minn., has introduced a new website, secinsight.com, which will provide subscribers access to correspondence the SEC has had with individual public companies regarding accounting and disclosure issues, according to John Gavin, president of SEC Insight.
The subscription-based service will have documents that are publicly available for free from the SEC but are not available through EDGAR, the database of the standard documents companies must file with the SEC such as proxies and prospectuses.
"These are documents you have to specifically request from the SEC," Gavin said. "They are available to everyone under the law, but you have to know what to ask for."
The site is aimed at professional investors and money managers, according to Gavin. Gavin, who was a portfolio manager at American Express for the past four years, left the company in July to found SEC Insight.
"There is a need for this type of information," he said. "When I was an analyst and I saw this kind of information, it made me realize I had better do my homework." The cost of a subscription will vary according to the services an individual money manager needs, Gavin said. Subscribers also can suggest companies about which they would like SEC Insight to conduct additional research, he said.