The U.S. Securities and Exchange Commission (SEC) is set to reform its investor disclosure rules for public companies, according to Chairman Paul Atkins. Announced on Friday, the overhaul aims to reassess how information is obtained and shared, with a focus on practical disclosure methods. Atkins highlighted that investors often gain more insights from earnings calls than from quarterly reports.
In a related development, Trump has called for a shift from quarterly to semi-annual financial reporting for public companies. He argues that the current system pressures executives to prioritize short-term profits. Atkins expressed agreement with Trump's stance, suggesting that now is the time to evaluate the effectiveness of current reporting practices.
SEC to Reform Disclosure Rules as Trump Advocates Semi-Annual Reporting
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