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Trump tweet revives a dilemma: Is quarterly reporting hurting companies?

Joe Mont | August 17, 2018

A Friday in August may not seem like the opportune time to launch a new policy initiative, but President Trump’s Aug. 18 tweet has nevertheless grabbed the attention of business leaders with its call on the Securities and Exchange Commission to end quarterly earnings reports:

“In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. ‘Stop quarterly reporting & go to a six-month system,’ said one. That would allow greater flexibility & save money. I have asked the SEC to study!”

As expected for such a bold proclamation—especially one from such a polarizing figure—social media responses have expressed both accolades and fear. Among the posted reactions on Twitter:

“Quarterly reporting is important to the transparency and health of our public capital markets. The requirement to report regularly results in greater discipline and improved controls over financial...

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