How US Filing Agents Expand Market in Asia?

Introduction

The main purpose of this paper is to make an analysis on the USA filing agents, and describe the ways through which the USA filing agents can shift their business to Asia. The paper is a description of the USA filing agents, and how they operate. The paper also provides the description of the hurdles which might come in the operations of USA filing agents in case if they want to start their operations in Asia. It make emphasis on the different factors that might come in starting the operations in Asia like the communication factors, the differences in the cultural background, understanding of the SEC rules, and the professionals with which they have to deal.

Discussion

In the eighty years since its inception, the Securities and Exchange Commission has enacted numerous regulations to help ensure investors have the necessary information for decision-making. These regulations have evolved from general requirements requiring basic disclosure to more recent requirements to ensure the information is in plain English, is readily available to the investment community through the requirement for electronic filing through the EDGAR database, and is made available to all potential investors and not a select few (Abdel, 661). Over time, the SEC's disclosure requirements have increased and have become more specific. In the 1990s, the SEC implemented its Electronic Data Gathering, Analysis and Retrieval system, EDGAR, and began requiring firms to make their standard filings available electronically. EDGAR was expected to drive both faster and broader distribution of information. The value of the SECs disclosure requirements in a market economy is the subject of ongoing debate. The filings are being used to save the companies in the regulatory terms. The EDGAR/SEDAR filing agents are used to provide assistance to the company in order to meet the regulatory requirements for the Canadian Securities Commissions and the United States Securities and Exchange Commission (SEC) (Mikhail, 157). EDGAR is the abbreviation of the Electronic Data Gathering Analysis and Retrieval System. There are different types of EDGAR filing agents specially the Tri-State Printing. These filing agents are properly trained as per the standards and procedures set by EDGAR in order to perform the functions of automated collection, acceptance, validation, indexing and the forwarding the company's submissions. These are being done because to file the forms with the United States Securities and Exchange Commission is the requirement of the law.

The main rationale behind the EDGAR filing agents is to give the protection to the companies so that they can assure and enhance the efficiency and fairness of the securities markets which would be beneficial for the investors and the corporations. This also helps in the acceleration of the receipts, dissemination, acceptance and the proper analysis of the time-saving corporate information which has been filed with the Securities and Exchange Commission. EDGAR is used to perform the functions of validation, collection, analysis, indexing, retrieval system, and forwarding by the companies who are required by the law of to file their forms ...