SEC plans to comprehensively reform the information disclosure rules for listed companies, and Trump calls for "quadratic reports to change semi-annual reports" at the same time

BlockBeats News, on September 19, U.S. Securities and Exchange Commission Chairman Paul Atkins said Friday that the agency will advance a comprehensive reform plan for information disclosure rules for listed companies. Just the same week after the SEC announced the news, Trump posted on social media that the SEC should change the frequency of financial reports disclosure of listed companies from "quarterly" to "half-yearly." "It is the right time to examine various channels for information acquisition, information dissemination, and "what disclosure methods are in line with actual needs," said Atkins. He pointed out that many investors get more information from "financial report calls" than they get from quarterly earnings. In addition, Atkins also agrees with Trump's view, which has criticized "the quarterly financial report system has caused corporate executives and management to pay too much attention to short-term gains." (Jin Shi)