“The Securities and Exchange Commission on Tuesday formally proposed giving public companies the option of filing one semiannual report and one annual report each fiscal year, rather than submitting financials every three months. The move to end mandatory quarterly reporting.”
From an investors perspective, I sure hope this does not happen!
Gray
When I read about this yesterday, I am trying to figure out who this helps? Companies with less oversight will fail faster, investors will lose more often, and the economy will suffer.
Is this LITERALLY only to allow CEO’s to steal a company blind and disappear?
How does this change make anything better?
This makes nothing better. And this conversation can not continue as it is a political discussion, not an investment analysis.