US Regulators' Proposal to Scrap Quarterly Reporting Faces Overwhelming Opposition

A proposal by US regulators to allow companies to abandon quarterly financial reporting is encountering significant opposition from individual investors, investment professionals, trade groups, and some companies. More than 99% of comment letters received by the Securities and Exchange Commission (SEC) are against giving companies the option to report semi-annually, raising concerns about patchy and delayed disclosure of critical information and risks to market comparability.