President Donald Trump called Monday for the Securities and Exchange Commission to eliminate quarterly earnings reporting requirements for
President Donald Trump called Monday for the Securities and Exchange Commission to eliminate quarterly earnings reporting requirements for public companies, advocating instead for a six-month reporting schedule. • Trump argued on Truth Social that the change would “save money and allow managers to focus on properly running their companies,” citing China’s long-term business perspective compared to America’s quarterly focus. • The proposal comes days after the Long-Term Stock Exchange announced plans to petition the SEC for similar changes, marking the first formal regulatory proposal to reduce mandatory reporting frequency since current requirements were established in 1970...