The Securities and Exchange Commission is expected to move forward with a version of its proposal to make quarterly financial reports optional, despite being inundated with public comments that overwhelmingly oppose the idea.
The proposed rule-change, unveiled by SEC Chairman Paul Atkins in May, would give public companies the option to disclose their financial results twice a year, rather than on a quarterly basis. President Trump has long been a proponent of the idea and briefly explored it in his first term.
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