SEC Plans to Expedite Approval of Trump Proposal to Eliminate Quarterly Company Reports, Seeks to Loosen Financial Regulations

BlockBeats News, September 29th. According to the Financial Times, the U.S. Securities and Exchange Commission has pledged to seek minimal regulation of Wall Street and expedite approval of Trump's proposal to abolish quarterly company reports. SEC Chairman Paul S. Atkins, appointed by Trump this spring, stated today that he would consider replacing the current requirement for public companies to report every three months with a biannual reporting system. "The government should provide minimal effective regulation to protect investors while allowing businesses to thrive." The Trump administration, while seeking greater control over independent federal agencies, has taken a more business-friendly stance. The proposed easing of regulations for public companies confirms that the U.S. government plans to significantly relax its oversight of listed companies.