Wall Street’s top regulator on Tuesday proposed ending quarterly earnings reporting requirements for U.S.-traded companies and allowing them to switch to twice-annual reports.
President Donald Trump raised the idea during his first term and it re-emerged as an administration priority, opens last September.
The Securities and Exchange Commission wants to give publicly traded companies the option to file their earnings twice annually, a move that would end a 55-year-old requirement that U.S. public companies share detailed financial results four times a year, within 45 days of the end of their fiscal quarters.
Huh, the economy is taking a nose dive and trump wants them to not have to report that before the midterms. It might work.
Are they going to start hiding the prices at gas pumps as well?
Pulling out the old playbook from COVID I see.
The bad numbers don’t exist if we don’t report them!
Things going that bad huh?
That would double their planning windows
