SEC to Consider Semi-Annual Reporting for Public Companies

According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has pledged to pursue minimal regulation for Wall Street and expedite the approval of a proposal to eliminate quarterly corporate reports. U.S. President Donald Trump appointed Paul S. Atkins as the SEC Chairman earlier this year. Atkins announced today that he is considering replacing the current quarterly reporting requirement for public companies with a semi-annual reporting system. "The government should provide minimal effective regulation to protect investors while allowing businesses to thrive," Atkins stated. The Trump administration has adopted a more business-friendly stance while seeking greater control over independent federal agencies. The proposed relaxation of regulations for public companies confirms the U.S. government's intention to further ease restrictions on listed companies.