Long-Term Stock Exchange CEO on biannual reporting: Pleased the President agrees with us

Group 1 - The Long-Term Stock Exchange (LTSE) is a registered national market system exchange that advocates for long-term investors and companies, differentiating itself from larger exchanges like NASDAQ and the New York Stock Exchange [2][4] - LTSE is pushing for the SEC to allow companies to optionally report their earnings biannually instead of quarterly, aiming to balance investor needs with managerial efficiency [6][10] - There is a concern that stringent quarterly reporting requirements may deter companies from going public, despite a recent uptick in IPOs [7][8] Group 2 - The LTSE's mission includes encouraging companies to focus on long-term planning, which may involve increased spending on research and development [3][4] - The organization has received bipartisan support for its proposals, indicating a rare area of agreement between Democrats and Republicans [5] - Companies should have the flexibility to choose their reporting frequency, with the market accommodating different approaches rather than enforcing a one-size-fits-all model [9][10]