TechFlow news, on September 19, according to Jinshi Data, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), said on Friday that the agency will move forward with a comprehensive reform plan regarding disclosure rules for investor information by listed companies. In the same week the SEC announced this news, Trump posted on social media suggesting that the SEC should change public companies' financial reporting frequency from "quarterly" to "once every six months." Atkins stated, "Now is the right time to review various channels of information access, methods of information dissemination, and what kind of disclosure actually meets practical needs." He noted that many investors gain more information from "earnings conference calls" than from quarterly reports. Additionally, Atkins agreed with Trump's viewpoint—Trump had previously criticized the "quarterly reporting system for causing corporate executives and management to overly focus on short-term earnings."
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