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SEC receives more than 200,000 comments on plan to end required quarterly earnings
The SEC said it received the record number of public comments on its proposal to scrap mandatory quarterly earnings requirements.
The Wall Street Journal reports the Securities and Exchange Commission has been flooded with public feedback on a proposal that would eliminate required quarterly earnings disclosures.
According to the report, the SEC received more than 200,000 comments on the plan, which the outlet describes as a record number.
The filing period resulted in an unusually large volume of responses as market participants weighed how the change could affect public-company reporting obligations.
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