Mon, 15 Sep 2025

Mon, 15 Sep 2025 Trump renews push to end companies' quarterly reports

The US president urges regulators to adopt a semi-annual schedule for financial reports.
US President Donald Trump is pushing regulators to relax reporting requirements for public companies, echoing his previous efforts to abolish quarterly earnings reports during his first term. In a social media post, Trump urged the Securities and Exchange Commission (SEC) to shift from requiring firms to report quarterly to a semi-annual schedule, citing potential cost savings and reduced management burden. Proponents of the change argue it could boost the number of publicly traded companies in the US, but critics warn that less frequent reporting could compromise transparency and increase market volatility. The proposal has gained momentum, with the Long-Term Stock Exchange requesting the SEC to allow semi-annual reporting instead of quarterly reports. Trump also suggested that China's reporting requirements are more business-friendly compared to those in the US, claiming it allows for a "50-100 year view on management" rather than quarterly focus. The move could put the US in line with practices in the UK and EU countries that report semi-annually, but investors rely on regular reports for transparency and timely information.
  >>