Trump Seeks SEC Study of 6-Month Reporting Instead of Quarterly

Trump Seeks SEC Study of 6-Month Reporting Instead of Quarterly

That was the argument made by Jamie Dimon, the chief executive of JPMorgan Chase, and investor Warren E. Buffett in a widely shared op-ed published by the Wall Street Journal in June.

President Trump wants regulators to study a move that would loosen the reins on public companies.

Currently, all publicly traded companies in the USA must file reports with the SEC four times a year, every three months.

For companies, "That would allow greater flexibility & save money", Trump tweeted.

In a tweet dispatched Friday morning, Trump said he had spoken to "some of the world's top business leaders" about making business and jobs "even better" in the USA and they had advocated an end to quarterly reporting. He added that he has asked the SEC to examine moving to a six-month reporting schedule, instead of the current system of reporting corporate results every three months. "I have asked the SEC to study!"

Quarterly reporting by public companies has always been a cornerstone of USA capital markets, with Wall Street analysts known for making closely monitored recommendations on buying or selling stock.

Quarterly reports are "early warning signs of other bigger problems", Elson said.

Other critics say companies should be required to report quarterly earnings but not quarterly guidance.

While some business leaders have groaned about the rigors associated with having to meet targets and metrics four times a year, the SEC has been reticent to make any changes. As an independent agency, the SEC enjoys some level of independence from the White House.

Trump held a dinner for business executives on Aug 8, two days after Nooyi announced her departure, at his golf club in Bedminster, New Jersey.

The president did not name the leaders.

Related News:

  • Anheuser-Busch InBev launches Bud Light 'Victory Fridge' for Cleveland Browns

    Anheuser-Busch InBev launches Bud Light 'Victory Fridge' for Cleveland Browns

    If the Browns do win, the brewer will also be part of what's sure to a be memorable and celebratory moment. So when (if?) the Browns win their first game, the Bud Light "Victory Fridges" will automatically unlock.
    British Columbia declares state of emergency over hundreds of wildfires

    British Columbia declares state of emergency over hundreds of wildfires

    There are also 48 evacuation alerts that have 18,720 people across the province ready to leave their homes at a moment's notice. The last time B.C. had declared a state of emergency prior to previous year was August 2003 to deal with wildfires.

    One Park, One Day, 41 Overdoses

    EMTs administered Naloxone, an antidote for narcotic overdoses, to some victims but it didn't appear to be effective. Police did confirm that a third arrest was also made, but that suspect has not been identified. "After 8:00 [a.m.
  • Google One rolling out to United States  users

    Google One rolling out to United States users

    GOOGLE'S OBSESSION with naming things " One " continues unabated at the Google One cloud storage packages premiere in the US. To qualify for the new WhatsApp backup plan, you'll need to update your backups at least once per year.
    Pastor Brunson appeal for house arrest release rejected by Turkish court

    Pastor Brunson appeal for house arrest release rejected by Turkish court

    Upholding a lower court's decision earlier this week , it also ruled against lifting a travel ban imposed on Brunson. The Turkish lira stood at 5.80 per dollar on Friday, up about 0.4 percent against the dollar.
    Max Lomas dead: Man who found Bobbi Kristina Brown's body dies

    Max Lomas dead: Man who found Bobbi Kristina Brown's body dies

    Bobbi had morphine, cocaine, alcohol, and prescription drugs in her system when she was found. Bobbi died after a struggle with irreversible brain damage left her in a coma for months.
  • Google acknowledges it tracks users even with location setting disabled

    Google acknowledges it tracks users even with location setting disabled

    It now says that turning off location history does not affect services like Google Location Services and Find My Device. It can charge advertisers more if they want to narrow ad delivery to people who've visited certain locations.
    Judge for ex-Trump aide Manafort case will not release jurors' information

    Judge for ex-Trump aide Manafort case will not release jurors' information

    But you know what? Also Friday, President Donald Trump issued a fresh defence of Manafort, calling him a "very good person". In the USA legal system, juries are required to find a defendant guilty of a crime "beyond a reasonable doubt".
    Cheerios and other breakfast cereals found to contain weed-killing chemical

    Cheerios and other breakfast cereals found to contain weed-killing chemical

    Familiar breakfast foods and snacks contain potentially risky amounts of a weed-killing chemical, according to a new study. Since then, federal regulators in the US have continued to maintain that it is unlikely to cause cancer.
  • Android Messages now has a dark mode and new Material Design

    Android Messages now has a dark mode and new Material Design

    Once enable, the app's background becomes a dark grey color; the text box and message backgrounds are lighter shades of grey. The fresh interface matches the design of Samsung's proprietary Messaging app that has an all-white background.
    Across the Divide: A Look at Kellyanne and George Conway's Life Together

    Across the Divide: A Look at Kellyanne and George Conway's Life Together

    It's also common knowledge Conway does not like talking about his husband's Twitter stance, losing her cool when asked about it . And from this point forward I'm going to look at any article that lists an anonymous Trump staffer or someone close to Trump ...
    Dollar slips as China-U.S. trade worries ebb

    Dollar slips as China-U.S. trade worries ebb

    Mr Erdogan earlier wrote in the New York Times that unless the USA changed course, Turkey would look for new friends and allies. Talking about Brunson at the White House, Trump said that "we are not going to take it sitting down".


Most liked

Official Battlefield 5 Gamescom 2018 Devastation of Rotterdam Trailer
This is entirely in-game footage, as you're about to see, and it looks glorious as always. You can try out Battlefield 5 with an open beta which gets started in September.

US judge blocks programs letting 'Grand Theft Auto' players 'cheat'
He added that the programs could damage the company's sales and reputation as people could be discouraged from buying its games. The punishment is not especially harsh, but Judge Stratton believed it was "appropriate" as Zipperer can not afford damages.

Apple reassures customers after teenager hacked its servers
It's worth noting that Apple's statement doesn't line up with the lawyer's claim that the teen accessed customer accounts. The judge on the case has postponed sentencing until next month due to the complex nature of the matter.

Amazon Working On DVR For The Streaming Era
Rumors suggest that the DVR is now being developed at Amazon's Lab 126 R&D center, and we'll probably see a whole lot more, soon. The source said that Amazon hasn't made a final decision on the project, and that its rollout could be canceled or delayed.

Multiple suspected synthetic cannabis overdoses at park by Yale University
New Haven Fire Chief John Alston said the event was largest concentration of overdose victims the department had experienced. Fasano said the Green has become "a place of despair" and 'no longer an attraction for families or economic development'.

Nokia schedules the release of their latest phone for August 21
You may not have heard the Nokia 6 .1 aka Nokia 6 (2018) all that much of late, but that is because it is flying under the radar. The Nokia 6.1 Plus is part of Android One program, and it runs Android 8.1 Oreo.

India mourns former PM Atal Behari Vajpayee
He had suffered a stroke in 2009, which reportedly weakened his cognitive abilities, following which he developed dementia. From there it would be taken to the BJP headquarters tomorrow, where people would be able to pay their last respects.

Vatican Expresses ‘Sorrow,’ Calls for ‘Accountability’ After Pennsylvania Report
More from The Vatican: "The abuses described in the report are criminal and morally reprehensible". He said he doubts dioceses will release names unless forced to do so.

In New Tape, Lara Trump Offers Omarosa Manigault Newman "Hush Money"
Matthew Chapman is a video game designer, science fiction author, and political reporter from Austin, TX. Trump's favorite phrases to convey his sincerity, "my tapes are much better than theirs".

Paul Finebaum explains why Urban Meyer is likely safe at Ohio State
Ohio State proceeded to put Meyer on paid administrative leave as it opened an independent investigation into the matter. Former Ohio Speaker of the House Jo Ann Davidson is serving as the chair of the six-person investigative committee.

Google Coach: Google's new health system for Wear OS revealed in leak
When the Android Pie was released officially, the unwanted side effect caused many people to react. All current Wear OS apps will also be required to go through the quality review by March 4, 2019.

Jose Mourinho aims swipe at Anthony Martial while defending Paul Pogba
Since returning to United, Pogba has won the Europa League and League Cup, and was one of the stars at this summer's World Cup, helping France to glory in Russian Federation .

Pereira went against Mourinho's advice last season
The matches against the United States and El Salvador will be the team's first since the World Cup in Russian Federation . Since then, he has played eight times for their U20 squad , as well as picking up another cap for their U23 side.

Genoa, Sampdoria games called off in wake of bridge collapse
More than 300 firefighters have been working non-stop since Tuesday, though experts say chances of finding survivors are now slim. The state funeral will be televised live and broadcaster RAI will not air any advertising, as a sign of respect for the victims.

England youth striker set to join Ronaldo at Juventus
The Bianconeri are wrapping up the signing of the 20-year-old before the Italian transfer window slams shut on Friday night. The 20-year-old forward will initially join the Italian side's B team, ' a short statement on Arsenal's website read.