Companies that took reward of the chance to praxis filing sensitive information with the U.S. Securities and exchange charge mightiness wishing they hadnt.While the sec is providing few details, the regulator did suppose the jade of its online database of corporate filings targeted what the agency calls its trial Edgar system. It lets startups unfamiliar with filling out sec forms acquire comfortable with the process without publicly blasting out market-moving announcements.Now an initiative that was grounded in good intentions is causing the SEC headaches. The agency disclosed Wednesday that not only had cybercriminals hacked Edgar, but they may have stolen corporate secrets that they profited from. The sec blamed the 2016 trespass -- which it was slow to reveal -- on a software vulnerability in its trial system.Edgar houses millions of filings on disclosures ranging from corporate earnings to statements on mergers and acquisitions. Infiltrating it to review announcements before they are released publicly would service as a virtual treasure trove for a hacker seeking to get easy money. sec chairman Jay Clayton said the agencys critique of the jade is ongoing and that its coordinating with the appropriate authorities.