President Donald Trump proposed that companies replace quarterly earnings reports with semiannual reporting. The U.S. Securities and Exchange Commission told CNBC it is actively reviewing Trump’s proposal to replace quarterly earnings reports with semiannual ones. An agency spokesperson said Chairman Paul Atkins is prioritizing the plan to reduce regulatory burdens on companies. Current rules require quarterly reporting, but the SEC could change the mandate without Congress, potentially within 6 to 12 months. Supporters like Warren Buffett and Jamie Dimon have previously criticized quarterly guidance, while critics warn that less frequent reports would harm transparency and investor confidence. The U.S. system is considered among the most reliable globally, with China and Europe also maintaining strict reporting frameworks.
Be the first to comment