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Trump wants to end quarterly reporting on US stock markets
US president Donald Trump has asked the Securities and Exchange Commission to study the potential impact of changing its requirement that companies report their earnings quarterly. Instead, he has suggested reporting every six months.
By Felicity Duncan
US president Donald Trump has asked the Securities and Exchange Commission to study the potential impact of changing its requirement that companies report their earnings every quarter. Instead, he has suggested reporting every six months.
The SEC has required quarterly reports since 1934 – after the stock market crash of 1929, quarterly reports helped to build back investor trust and increase transparency. Some argue that quarterly reports help reduce insider trading by making companies' operations more transparent and shortening the lag time between strategic decisions and their announcement.
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