Notes on Search Fields

The following notes provide clarification on the search fields used in the Securities Enforcement Empirical Database.


Defendant Name

The SEED database records defendant names as listed in each SEC document.  When variants of a defendant name appear in the document corpus, the SEED database includes all alternative spellings and punctuations. The Defendant Name search field considers all recorded variants. 

Calendar Year of First Document and Calendar Year of First Resolution 

The Calendar Year of First Document and Calendar Year of First Resolution search fields will return SEC actions/defendants based on the calendar year entered.  For example, if 2010 to 2011 is entered for Calendar Year of First Document, the search will return results where the date of the first document in SEED is during the period January 1, 2010 through December 31, 2011.  If either a lower or upper bound Calendar Year of First Resolution is entered, only actions with an associated resolution will be returned.

Total Penalty and Disgorgement

If no dialog boxes are checked, the Total Penalty and Disgorgement search field considers only recorded Total Penalty and Disgorgement amounts for which defendants are individually liable, i.e. civil penalties, disgorgement amounts, prejudgment interest, and other penalty amounts explicitly reported as total amounts in the associated SEC document. If multiple Total Penalty and Disgorgement are reported for a defendant within the same action, i.e. in different SEC documents for the same action, the Total Penalty and Disgorgement from the most recent SEC document is used.

If the “Include Shared Resolutions” dialog box is checked, the search tool will also consider Total Penalty and Disgorgement amounts that are shared between multiple defendants. The Shared Total Penalty and Disgorgement is used for each specific defendant (together with any defendant-specific Total Penalty and Disgorgement amount) and the SEED database does not allocate the shared amount among different defendants involved in the action.

If either a lower or upper bound Total Penalty and Disgorgement amount is entered, only actions with an associated amount within the specified range will be returned. If both Total Penalty and Disgorgement search fields are left blank, results will be returned based on all other search criteria regardless of the existence of a Total Penalty and Disgorgement amount.

Multiple Search Criteria

Specifying multiple search criteria narrows the search. An action/defendant must meet all the specified criteria to be returned.