Investors Resist SEC Plan to Cut Public Company Reporting to 2 Times a Year
Updated
Updated · Bloomberg · Jun 10
Investors Resist SEC Plan to Cut Public Company Reporting to 2 Times a Year
3 articles · Updated · Bloomberg · Jun 10
Summary
Nearly two-thirds of analysts and portfolio managers in a CFA Institute survey said the SEC should keep mandatory quarterly reporting for U.S. public companies.
The pushback targets a proposal to shift listed companies from four financial reports a year to two, reducing how often firms disclose results to the market.
Professional investors’ response suggests key market users see quarterly filings as important for timely information, setting up resistance as the SEC weighs any rule change.