SEC Proposes Allowing Companies to Submit Semiannual Reports

President Donald Trump supports semiannual reporting since it would ‘allow managers to focus on properly running their companies.’

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

The Securities and Exchange Commission (SEC) has proposed new regulations that would allow public companies to file semiannual reports, rather than the traditionally required quarterly reports.

Currently, public companies have to file quarterly reports via Form 10-Q to meet their interim reporting obligations under federal securities laws. Under the proposal, companies can choose to file these reports semi-annually on the new Form 10-S, the SEC said in a May 5 statement.