SEC to fast-track Trump's proposal to abolish quarterly corporate reporting and ease financial regulations

The U.S. Securities and Exchange Commission has pledged to seek minimal regulation of Wall Street and speed up approval of Trump's proposal to abolish quarterly corporate reporting. Paul S. Atkins, the SEC chairman appointed by Trump this spring, said today that he would consider replacing the current requirement for listed companies to report every three months with semi-annual corporate reports. "The government should provide the minimum effective regulation to protect investors while allowing businesses to thrive." The Trump administration has taken a more business-friendly stance while seeking greater control over independent federal agencies. The proposed relaxation of public company regulations confirms that the U.S. government will relax regulations on public companies to a greater extent. (FT)