The Securities and Exchange Commission is holding a public seminar on June 10 to help companies and preparers comply with new financial reporting rules.

Beginning on Jan. 1, 2011, mutual funds will be required to start using the interactive data format XBRL, short for extensible business reporting language. The XBRL format supports multiple layers of information on a single page, allowing users to "dig down" through an online document to find additional information.

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