TechFlow, Sept 29 — According to the Financial Times, the U.S. Securities and Exchange Commission (SEC) has pledged to seek minimal regulation of Wall Street and accelerate approval of Trump's proposal to eliminate quarterly corporate reporting requirements.
Paul S. Atkins, the newly appointed SEC chair by the Trump administration this spring, said today that he is considering replacing the current requirement for public companies to report every three months with semiannual reporting. "Government should provide the minimum effective regulation necessary to protect investors while allowing businesses to thrive," he said. As the Trump administration seeks greater control over independent federal agencies, it has adopted a more business-friendly stance. The proposed relaxation of public company rules confirms that the U.S. government will significantly reduce regulatory oversight of public firms.
