President Donald Trump is proposing a regulatory change that would affect the Securities and Exchange Commission’s financial reporting requirements for publicly traded companies under federal law.

On Monday, Trump wrote on Truth Social, “Subject to SEC Approval, Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a ‘Six (6) Month Basis.’ This will save money, and allow managers to focus on properly running their companies.”

Trump added in the post: “Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???’ Not good!!!”

The European Union and the U.K. have ended mandatory quarterly financial reporting and ins

See Full Page