The Securities and Exchange Commission (SEC) intends to propose a rule change that would shift corporate earnings reporting from a quarterly schedule to a semiannual basis.
Paul Atkins, head of the Wall Street regulatory watchdog, told CNBC’s “Squawk Box” on Sept. 10 that he welcomed President Donald Trump’s suggestion for the adjustment.
“In principle, I think to propose change in what our rules are now, I think would be a good way forward, and then we’ll consider that and move forward after that,” Atkins said.
Last week, in a Truth Social post, Trump stated that companies “should no longer be forced to ‘report’” every three months, recommending a six-month disclosure requirement instead….