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

According to Huobi HTX, U.S. Securities and Exchange Commission Chairman Paul Atkins said Friday that the institution 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 "once every six months." "It is the right time to examine various channels for information acquisition, information dissemination, and 'what disclosure method is in line with actual needs'," said Atkins. He pointed out that many investors get more information from the "financial report call" than they get from quarterly financial reports. In addition, Atkins also agrees with Trump's view, which Trump once criticized "the quarterly financial report system has caused corporate executives and management to pay too much attention to short-term returns."