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SEC to fast-track plan to end quarterly reports
['Jenny Surane']
The Latest
Wall Street's top regulator pledged to fast-track Donald Trump's proposal to end quarterly reporting for most companies, the president's latest foray into a long-running debate over transparency in American capitalism.
Trump floated the idea of jettisoning quarterly reporting earlier this month, though it wasn't the first time he'd proposed such an idea.
Proposals could include dropping the quarterly reporting mandate entirely or giving companies the option of reporting twice a year, potentially depending on market value.
And even if the requirement to file quarterly reports was eliminated, companies could still choose to continue to issue earnings releases.
Atkins has previously said it is a good time to review how individuals receive information, noting in a CNBC interview many investors get more information from earnings calls rather than quarterly reports.