SEC Backs Trump’s Proposal to Shift Earnings Reports From Quarterly to Semiannual

There may, however, be downside risks to the move, such as a potential decrease in transparency.

The Securities and Exchange Commission building in Washington on Nov. 13, 2023.Madalina Vasiliu/The Epoch Times

The Securities and Exchange Commission (SEC) intends to propose a rule change that would shift corporate earnings reporting from a quarterly schedule to a semiannual basis.

Paul Atkins, head of the Wall Street regulatory watchdog, told CNBC’s “Squawk Box” on Sept. 10 that he welcomed President Donald Trump’s suggestion for the adjustment.