00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. regulators proposed a rule that would allow public companies to replace quarterly
00:06earnings reports with semi-annual filings, according to CNBC. The Securities and Exchange
00:12Commission said companies could use a new Form 10-S instead of quarterly 10-Q reports while
00:17continuing to file annual reports. SEC Chairman Paul Atkins said current rules limit flexibility
00:24for companies and investors to choose reporting frequency. President Trump has supported the
00:29shift and said quarterly reporting encourages short-term focus and distracts from long-term
00:34strategy. Critics said fewer disclosures could reduce transparency and disadvantage retail
00:40investors. Supporters said the change could encourage long-term planning. The proposal
00:45enters a 60-day public comment period before a potential SEC vote. For all things money,
00:50visit Benzinga.com.
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