BlockBeats News, September 19th. Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, stated on Friday that the agency will advance a comprehensive reform plan for disclosure rules for public company investors. In the same week that the SEC announced this news, Trump tweeted on social media that the SEC should change the disclosure frequency of public company financial reports from “quarterly” to “semi-annually.”
Atkins stated: “Now is the right time to review various information acquisition channels, methods of information dissemination, and ‘which disclosure methods meet actual needs.'” He pointed out that many investors obtain more information from “earnings conference calls” than from quarterly reports. In addition, Atkins also agrees with Trump’s view—Trump has criticized that the “quarterly reporting system leads to excessive focus by corporate executives and management on short-term profits.” (FXStreet)
