economy
SEC advances Trump-backed proposal to end mandatory quarterly earnings reports
The SEC formally proposed a rule change that would allow companies to file semiannual reports on a new form, 10-S, in place of the traditional quarterly10-Qs
TL;DR
- U.S. regulators are proposing a rule change to allow public companies to submit earnings reports twice a year instead of quarterly.
- This change, championed by President Donald Trump, is intended to foster a long-term business strategy and reduce costs.
- Critics argue that reducing reporting frequency may decrease transparency and disadvantage retail investors.
- Supporters believe a less frequent reporting cycle could encourage strategic planning over immediate results.
- The proposal will undergo a 60-day public comment period before a vote by the SEC.