SEC 'Prioritizing' Trump's Push to Cull Quarterly Reporting

[Zorro]

Source: Bloomberg via Yahoo Finance

Wall Street’s main regulator said it is “prioritizing” a proposal from Donald Trump to reduce the frequency of corporate earnings reports, after the president again stepped into a long-running debate over transparency in American capitalism.

The Securities and Exchange Commission said in a statement it is pursuing a proposal to “further eliminate unnecessary regulatory burdens on companies.” The move followed a social media post by Trump earlier Monday calling for an end to the quarterly reports that companies issue to share financial results with investors.

The SEC mandated for companies to report quarterly in 1970, part of its decades-long push to increase transparency following the stock market crash in 1929. For investors and executives alike, the future of quarterly reporting could reshape incentives in the world’s biggest equity market — determining whether US companies stay chained to the clock or win more freedom to focus on the long game.

“Subject to SEC Approval, Companies and Corporations should no longer be forced to “Report” on a quarterly basis (Quarterly Reporting!), but rather to Report on a ‘Six (6) Month Basis,’” Trump said on social media. “This will save money, and allow managers to focus on properly running their companies.”

Read more: https://finance.yahoo.com/news/sec-prioritizing-trump-push-cull-005011790.html

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A twofer headline: 1) an Epstein distraction, and 2) a plan to delay bad corporate business reporting to hide the disastrous economic effects of Trump's tariffs.

[Lovie777]

1. We the people will know....................

the economy sucks.

[Shipwack]

2. "How high, sir?" - SEC nt

[0rganism]

3. I wonder if other countries with markets and investors who like quarterly reports will go along with this...

Ah, who am I kidding? Some will roll with it, and the ones who don't will fade from coverage within a few days.

[markodochartaigh]

4. I remember countries in Asia and Latin America

going through economic crises in the 90's and 00's. Time after time the pundits would blame the crashes on a lack of transparency and corruption. Well, here we are.

Business wanted a businessman for president and now he is going to give them the business.

[wolfie001]

7. Wait 'til he starts moving $billions to those hateful redneck farmers who are struggling

It's us vs. them. No official declaration of war but I think we're about 5 months into it already. Hunker down.

[BadgerKid]

5. Not entirely wrong but

The messenger and timing are highly suspect.

[wolfie001]

8. tRUMP has destroyed the integrity and reputation of the SEC

Just like GWB started the destruction of the SC that tRUMP finished.

[wolfie001]

6. "All reports must be corrected for Der Fuehrer!"

"....And now it's,...., springtime for Hitler and Germany......." 🎼🎶🎷🎹🎺

[mdbl]

9. Properly running their companies? Like you did?

Our entire business model is now fashioned after Trump University.

[dalton99a]

10. +1