The Wall Street Journal: SEC authority says smaller firms might be available to pierce divided from quarterly reporting


Jay Clayton, authority of a Securities and Exchange Commission

WASHINGTON—Public companies won’t get a mangle from quarterly gain stating in a nearby term, an thought that President Trump asked U.S. regulators to study.

The Securities and Exchange Commission might import a thought of relocating to six-month stating for smaller firms, though “I don’t consider quarterly stating is going to change for a tip names anytime soon,” SEC Chairman Jay Clayton pronounced Thursday.

In August, Trump asked regulators to examination a decades-old requirement that open companies recover gain quarterly, a change some executives support to foster longer-term planning. But some investors worry such a pierce could revoke clarity into corporate performance.

Trump had pronounced a change would assistance palliate regulatory costs and coax growth. He pronounced a thought came from a distinguished CEO: PepsiCo Inc. CEO Indra Nooyi. She lifted a emanate during a cooking Mr. Trump hold with 13 corporate executives during a president’s golf march in Bedminster, N.J., in a context of improving growth, people informed with a matter pronounced during a time.

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