US EditionSEC Chief Paul Atkins Vows to Fast-Track Trump's Proposal to End Quarterly Results Reports
The SEC aims to reduce reporting frequency to twice a year to cut costs and discourage shortsightedness, with some investors warning it may reduce transparency, officials said.
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SEC chief Paul Atkins vows to fast-track Trump's proposal to end quarterly results reports
Paul Atkins, chairman of the US Securities and Exchange Commission, said the proposal will give companies the option to report on a semi-annual basis and many firms might still choose to publish quarterly results.
SEC Chief Vows to Fast-Track Proposal to End Quarterly Reports
Wall Street’s top regulator pledged to fast-track Donald Trump’s proposal to end quarterly reporting for most companies, the US president’s latest foray into a long-running debate over transparency in American capitalism.
President Trump's SEC nominee, Paul Atkins, is planning to reduce regulation of financial markets in many ways. Atkins has been sympathetic to cryptocurrencies.
Paul Atkins, president of the U.S. market regulator, urged progress towards minimal oversight and supported President Donald Trump's proposal to eliminate quarterly profit reports in an opinion paper published Monday by the Financial Times."The government should provide the minimum effective dose of regulation needed to protect investors while allowing businesses to thrive," Atkins wrote, adding that changes should not be driven by political tre…
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