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SEC expected to change quarterly earnings rule despite public backlash

The proposal drew more than 200,000 public comments, many urging the agency to keep quarterly reporting mandatory.

Reported · Written up by our desk · Sectors

The US Securities and Exchange Commission is widely expected to move ahead with changes to a quarterly earnings reporting rule even after drawing backlash from the public, according to the WSJ Markets.

The proposal prompted more than 200,000 comments, with many commenters arguing that quarterly financial reports should not be made optional.

WSJ Markets also notes that President Trump has long backed a shift toward optional quarterly reporting.

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Sources

WSJ MarketsSEC Expected to Change Quarterly Earnings Rule Despite Public Backlash

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