Summary
Former U.S. President Donald Trump is urging regulators to change the rules so public companies report their earnings twice a year instead of every three months. Trump argues that this change would help companies save money and operate better, but it might face opposition from those who worry about less transparency for investors.
Key Facts
- Donald Trump wants the SEC to change rules for how often public companies report their earnings.
- Trump suggests moving from quarterly reporting to semi-annual (twice a year) reporting.
- Quarterly earnings reports have been mandatory for U.S. public companies since 1970.
- Supporters say reducing report frequency might increase the number of public companies.
- Critics argue that less frequent reporting could reduce transparency and increase market risk.
- Similar reporting practices exist in the UK and some European Union countries.
- Trump's previous attempt to change these reporting rules did not succeed.
- The Long-Term Stock Exchange plans to support Trump's proposal by asking the SEC for similar changes.
