SEC preparing to scrap quarterly earnings requirement — a move Trump supports: report

Core Viewpoint - The Securities and Exchange Commission (SEC) is preparing a proposal to allow companies to report earnings biannually instead of quarterly, potentially changing the current reporting requirements [1][4]. Group 1: Proposal Details - The SEC's proposal could be published as soon as next month, with a public comment period expected to last at least 30 days before a vote [2]. - The proposed change would make quarterly reporting optional rather than mandatory, allowing companies to publish results every six months [3][4]. Group 2: Regulatory Discussions - Regulators are in discussions with major exchanges to determine necessary adjustments to their rules in light of the proposed changes [1][7]. Group 3: Background and Support - Former President Trump has advocated for the elimination of quarterly reporting, suggesting it would reduce shortsightedness and lower costs for public companies [6]. - SEC Chairman Paul Atkins has supported this initiative, indicating a potential timeline for the proposal's release by the end of 2025 or early 2026 [3].