SEC Chairman Paul Atkins supports President Trump’s call to switch from quarterly to semiannual earnings reports for publicly-traded companies. The rule change proposal would allow companies to choose their reporting schedule. Trump believes this change would save money and help managers focus on long-term goals. The SEC may approve the change with a majority vote, as foreign private issuers already follow a semiannual reporting schedule. Norway’s sovereign wealth fund and the Long-Term Stock Exchange also support less frequent reporting. Stay tuned for updates.

Read more at CNBC: SEC to propose rule change on Trump’s call to end quarterly earnings reporting, says Chair Atkins