Erratum

• DOI: http://doi.org/10.1111/1475-679X.12192
• Date: 01 June 2018
• Published date: 01 June 2018

DOI: 10.1111/1475-679X.12192

Journal of Accounting Research

Vol. 56 No. 3 June 2018

Printed in U.S.A.

Erratum

In Volume 55, Issue 2: Run EDGAR Run: SEC Dissemination in a High-

Frequency World by J.L. Rogers, D.J. Skinner, and S.L.C. Zechman

During revisions, “SEC” was incorrectly replaced by “EDGAR” in several

places throughout this article (Rogers, Skinner, and Zechman [2017]) by

the typesetter. The following sentences have been corrected in the pub-

lished article:

1. Page 461, footnote 5: See “Fast Traders Are Getting Data from SEC

Seconds-Early,” Wall Street Journal, October 29, 2014.

2. Page 461, footnote 7: Refer to the letter from SEC Chair, Mary Jo

White.

3. Page 464, footnote 13: Our paper, along with contemporaneous work

by JM, was prominently covered in a front page article in the Wall

Street Journal on October 29, 2014, in a story that publicized the fact

that EDGAR provided PDS subscribers with a timing advantage (“Fast

Traders Are Getting Data from SEC Seconds Early,” Wall Street Journal,

October 29, 2014). Our interactions with the SEC in the early fall of

2014 suggest that it was not aware of the timing advantage available

to the PDS subscribers prior to seeing our paper. On December 19,

2014, Mary Jo White, the SEC Chair, announced plans to enhance the

system and that these enhancements were expected to be in place in

the first quarter of 2015 (refer to the letter from SEC Chair, Mary Jo

White, available at http://freepdfhosting.com/If29e3046a.pdf).

4. Page 469, footnote 17: As noted above, the SEC made changes to the

EDGAR/PDS in February 2015, at least in part due to the publicity

that resulted from our study.

5. Page 469, footnote 18: The SEC describes EDGAR as follows:

“EDGAR, the Electronic Data Gathering, Analysis, and Retrieval sys-

tem, performs automated collection, validation, indexing, accep-

tance, and forwarding of submissions by companies and others who

are required by law to file forms with the U.S. Securities and Exchange

Commission (SEC).”

6. Page 470, second paragraph: Our discussions with SEC staff indicate

the EDGAR initially transmits filings to the PDS and waits for an (au-

tomated) acknowledgment of receipt.

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Copyright C, University of Chicago on behalf of the Accounting Research Center,2018