SEC Compliance Desktop From CCH
Eases Section 16 Concerns. Extensive Interactive Forms Further Simplify Filing
(RIVERWOODS, ILL., July 28, 1999) Companies and law firms can significantly
ease the burden of compliance with the Securities and Exchange Commission's (SEC)
"insider trading" rules by using software that becomes "smarter" the
more it is used, according to CCH INCORPORATED (CCH), a leading provider of business law
information. To help companies and their professional advisors comply with complicated SEC
Section 16 reporting requirements, as well as prepare more than 100 additional SEC forms,
CCH now offers the new SEC Compliance Desktop, an automated approach to Section 16
compliance that also includes a general-purpose interactive forms module.
Sharon Kube, marketing director for CCHs business and finance group, notes that
while filing reports on insider trading is commonplace, its still a burdensome task
for corporations and those they hold responsible for ensuring compliance.
"More and more, American firms are using stock and stock options as significant
components of executive compensation," Kube said. "Combine that fact with the
SECs mission to protect investors and ensure that insiders do not take
unfair advantage of their positions, and you end up with a need for frequent, meticulous
SEC Compliance Desktop enhances productivity and automates the compliance process,
while drawing on the expertise of CCH legal analysts who track, report and explain
developments in securities law for authoritative publications such as the CCH Federal
Securities Law Reporter.
"While someone glancing at the required forms might think that Section 16
compliance would be simple, in practice it is often fiendishly complex," said Kube.
"Weve built intelligence and a knowledge base into SEC Compliance Desktop that
makes the process more manageable and much less time-consuming. SEC Compliance Desktop does
a lot of the difficult work behind the scenes, potentially saving users hundreds of hours
The CCH SEC Compliance Desktop allows users to fill out Forms 3, 4 and 5 for
Section 16 in an onscreen format based on company needs. The system becomes progressively
"smarter" as entries are made, allowing information already in the systems
database to be called up instantly and entered on new reporting forms.
In addition, extensive footnoting capabilities are built into SEC Compliance Desktop
and the footnotes can be called up, reviewed, edited and entered onto new forms.
Periodic updating, as necessary, keeps the entire SEC Compliance Desktop current
with new developments issued by the Commission.
Module Offers Extensive Interactive Forms Collection
Also included in the SEC Compliance Desktop is a forms module giving users
access to more than 100 interactive SEC forms for compliance with the Securities Act,
Exchange Act, Holding Company Act, Trust Indenture Act, Investment Company Act and
Investment Advisors Act.
Other SEC forms currently under revision will be added to the SEC Compliance Desktop
in an interactive format when the Commission releases them.
"Edgarizing" software for the SEC Compliance Desktop will be offered
when the new SECs Edgar II standards can be implemented.
The SEC Compliance Desktop runs under MicrosoftÒ
WindowsÒ 95, 98 or NT on a Pentium 166 or better
microprocessor and 32-bit technology for optimal performance. The program requires 28 MB
of free disk space exclusive of data files, a CD-ROM compatible with MSCDEX and SVGA
monitor or better.
Availability and Pricing
For more information or for a risk-free 30-day review of the CCH SEC Compliance
Desktop, call 1-800-449-6435 or click
For orders placed before October 1, 1999, special prices for a one-year subscription
range from $3,495 to $5,495, depending on type of business. On or after October 1, 1999
prices are from $3,995 to $5,995. Annual license renewals are offered at a reduced price.
In addition to an online tutorial and extensive, context-sensitive help, the
subscription price includes on-site or telephone training, all customer service calls and
About CCH INCORPORATED
CCH INCORPORATED, founded in 1913, has served four generations of business
professionals and their clients. The company produces approximately 700 print and
electronic products for securities, tax, legal, banking, securities, human resources,
health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer
U.S. The CCH web site can be accessed at www.cch.com.
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