Donald Trump asks SEC to mull half-year corporate filings vs. quarterly. U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every
Publicly traded companies in the United States currently file their earnings reports every three months, or four times a year. The potential shift would allow them to reduce these filings to two a year.
Trump’s tweet marked the first time he has personally weighed in on the issue, and will likely boost hopes of business and exchange lobbyists that more can be done to loosen filing rules.
Still, as an independent commission-led agency, the SEC cannot be forced by the president to implement any rule changes. Such changes would have to be voted on by the regulator’s sitting commissioners who are political appointees.
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