WallStreetBets Opposes SEC Reporting Shift
Photographer: Tiffany Hagler-Geard/Bloomberg
WallStreetBets has entered the chat.
Mike Leonard reports that the Reddit-based retail investor community famous for starting the meme-stock phenomenon filed a public comment opposing a proposed shift to semiannual securities reports.
SEC Chairman Paul Atkins unveiled the fast-tracked plan after President Donald Trump called for an end to decades-old rules mandating quarterly filing of the public disclosures known as 10-Qs.
“Many of us learned what a 10-Q was the hard way, which is to say we bought a stock, watched it fall 40% on an earnings release, and then read the filing to ...
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