footnoted* is a highly acclaimed information service that uses proprietary search techniques to find both hidden opportunities and early signs of potential problems buried deep in routine SEC filings.

Led by author, reporter, and SEC filings expert Michelle Leder, footnoted* focuses on the actionable details that really matter in the hundreds of thousands of pages that are filed with the SEC day in and day out. Leder and her team of analysts then start to build a mosaic based on multiple filings to provide insight that is typically three to six months ahead of the market.

Our primary product is our Friday Night Dump newsletter, which focuses on SEC filings made after markets close on Fridays.

“There are no accidents in SEC filings. Everything is there for a reason,” says Leder. “But identifying the details that matter is often difficult and time-consuming because so many of the signals are very subtle.”

And that’s where footnoted thrives. Founder Michelle Leder literally wrote the book on SEC disclosure analysis, and our bottom-up approach leverages years of experience.

Leder, who launched the site in 2003, lives in Los Angeles with her husband, Scott, and their son.