SEC to Open Investment Information Site on World Wide Web : Securities: Service will allow computer access to agency filings and other data on 24-hour delayed basis.

From Reuters

The Securities and Exchange Commission said Tuesday that it will open an on-line investment information site on the World Wide Web, the multimedia region of the Internet.

The site, which will be used for the first time by SEC Chairman Arthur Levitt Jr. and Commissioner Steve Wallman on Thursday, will give people with computers access to SEC filings and other data on a 24-hour delayed basis.

The site will be activated at 8 a.m. PDT Thursday at the agency's operations center in Alexandria, Va., the agency said.

Data accessible through the Web site will include filings to the SEC's EDGAR (Electronic Data Gathering and Retrieval) system, information on SEC operations, investor brochures, publications and alerts.

Also available are speeches by SEC officials, Capitol Hill testimony, news releases and information contained in the agency's daily news digest, including enforcement cases and rule-making proposals and actions.

Establishment of the site supplants a project spearheaded by Internet Multicasting Service, an information technology company that provided Internet access to day-old EDGAR filings for the past two years.

The experimental project, undertaken with funds granted by the National Science Foundation, is to fold by Oct. 1.

The SEC acknowledged the pioneering effort of Internet Multicasting director Carl Malamud, who it said "played a critical role in establishing the new site."

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