SEC to Propose Making Quarterly Earnings Reports Optional


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The U.S. Securities and Exchange Commission (SEC) has 
prepared a proposal to scrap current quarterly earnings reports for 
publicly-traded U.S. companies -- requiring them to report at half-year 
intervals instead, according to media reports.

   The proposal could be published as soon as next month. The SEC will vote on 
it after publication and public comments are gathered, which typically last 
over a period of 30 days, the reports added.

   Last September, U.S. President Donald Trump suggested that the SEC should 
eliminate the quarterly reporting requirement and adopt a semiannual option. He 
said the 90-day window for companies to submit their financials after each 
quarter leads to corporate shortsightedness and unnecessary administrative 
costs.

   DTN could not immediately verify the matter with the SEC. 




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