Methodology · Standing document
How this record is made
Everything published under Smart Money is a public disclosure record, read from its official source and republished as news. Nothing here is a tip, a leak, or an inference. This document states where the record comes from, how often we read it, and the two rules we never break.
The sources
Every filing on Midas traces to an official public source. We read them directly — no data vendors, no second-hand aggregation — and each published event links to the document it came from.
| Source | Covers | Precision | Statutory lag | We read it |
|---|---|---|---|---|
| SEC EDGAR | Corporate insiders — Form 4 (officers, directors, 10% owners) | Exact amounts | Within 2 business days of the trade | Continuously, every business day |
| SEC EDGAR | Institutional funds — 13F quarterly holdings, 13D stakes | Positions; exact values | 13F: 45 days after quarter end · 13D: 5 days | Continuously, every business day |
| House Clerk — Financial Disclosures | Representatives and their spouses — STOCK Act PTRs | Ranges (statutory brackets) | 30–45 days, as the law allows | Daily |
| Senate eFD | Senators and their spouses — STOCK Act PTRs | Ranges (statutory brackets) | 30–45 days, as the law allows | Daily |
| Office of Government Ethics | Senior executive-branch officials — public financial disclosures | Ranges | Periodic and annual filings | Daily |
| Judicial disclosures (via CourtListener) | Federal judges, including the Supreme Court | Ranges | Annual and periodic filings | Daily |
| EU issuer notices (PDMR) | Managers of EU-listed names on Midas (ASML, Novo Nordisk, SAP, AstraZeneca, Nokia, UBS) | Exact amounts | 3–5 working days | Daily |
The two clocks
Every trade in this record has two dates, and we treat both as first-class: the day the trade happened, and the day it was disclosed to the public. The gap between them — the sealed interval — is drawn on every filing, because it is part of the record: it is how long the law allowed the position to stay private.
We never present a disclosure as if it happened today. A filing that surfaces this morning about a trade made six weeks ago is reported exactly that way.
Traded
Jun 12, 2026
Disclosed
Jul 28, 2026
Ranges, never midpoints
Congressional, judicial and executive-branch filings disclose amounts in statutory brackets — “$1,000,001 to $5,000,000” is the whole truth the document contains. We publish that band, drawn to scale, and never compute an average, an estimate, or a midpoint from it. A number we cannot source is a number we do not print.
Where the law requires exact figures — SEC Form 4, EU PDMR notices — we publish the exact figure, marked with its provenance. The contrast between the two treatments is deliberate: it shows you what each regime actually reveals.
Cadence and freshness
EDGAR is read continuously through each business day; House, Senate, OGE, judicial and EU sources are read at least daily. When a source publishes slowly, the delay is theirs, and the record says so — every surface distinguishes “they have not filed” from “we have not checked.”
If a source goes down or changes format, the affected cohort carries a notice until ingestion is verified again. We would rather show a dated record honestly than a fresh-looking one silently.
Corrections and amendments
Filers amend. When an amended filing supersedes an original, we publish the amendment and keep the original visible as history — struck through, never deleted. When our own parsing errs, we correct the entry and mark it corrected with a timestamp. Low-confidence parses are held for human review before they are published at all.
Found an error we haven't? Tell us — corrections ship with the next daily read.
What this record is not
This is journalism about public documents, not advice. A disclosure is a fact about what a powerful person did with their own money, weeks ago, under compulsion of law. It is not a recommendation by them — or by us — of what you should do with yours.
Midas republishes these records because they are public by law and deserve a public that can actually read them. Start with the record itself.
Public disclosure records, republished as news. Not investment advice.
SEC EDGAR · House Clerk · Senate eFD · OGE · CourtListener · EU issuer notices · Methodology