Analysis

Trump Call For SEC To Study Reporting Rules Sparks Debate

By Tom Zanki (August 17, 2018, 8:18 PM EDT) -- President Donald Trump on Friday called on the U.S. Securities and Exchange Commission to study ending quarterly reporting requirements for public companies and switch to a six-month system in order to cut costs and spur growth, a major policy shift that experts say would likely be embraced by many businesses but resisted by investors.

Trump said on Twitter that "some of the world's top business leaders" have advised him that converting to semiannual reporting would improve the country's jobs climate. The U.S. enacted quarterly reporting in 1970; critics say the rule burdens public companies and creates short-term focus. A six-month timetable...

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