Trump’s SEC Planning to Jettison Quarterly Earnings
WASHINGTON, D.C. – The U.S. Securities and Exchange Commission (SEC) is reportedly preparing a proposal to eliminate the requirement to report quarterly earnings and instead give companies the option to share results twice a year. Bartlett Naylor, economist for Public Citizen, released the following statement:
“Quarterly earnings reports are foundational to transparency and accountability for public markets, which would explain why the MemeCoin administration would try to jettison this crucial feature.
“Atkins’ aim to end quarterly reporting comes with a larger gift package for corporate America that includes reducing disclosures altogether. Investors and capital markets thrive on information. Claims that quarterly reporting leads to short-term management implies little confidence in the ability of the c-suite to consider the concept of the future.”