SEC Head Vows to Fast-Track Plan to End Quarterly Reports (1)

Wall Street’s top regulator pledged to fast-track Donald Trump’s proposal to end quarterly reporting for most companies, the US president’s latest foray into a long-running debate over transparency in American capitalism.

Paul Atkins, chairman of the US Securities and Exchange Commission, said the proposal will give companies the option to report on a semi-annual basis and many firms might still choose to publish quarterly results.

Paul Atkins, chairman of the US Securities and Exchange Commission

Photographer: Kent Nishimura/Bloomberg

“Giving companies the option to report semi-annually is not a retreat from transparency,” Atkins said in a column for the Financial Times. “It is time for the SEC to remove its thumb ...