SEC Chair Jay Clayton Says Quarterly Reporting Won’t Change ‘Anytime Soon’

By Anonymous

President Trump asked regulators to study move to semiannual reports for companies

WASHINGTON—In the near term, public companies won’t get a break from quarterly earnings reporting, an idea that President Trump asked U.S. regulators to study.

The Securities and Exchange Commission may weigh the idea of moving to six-month reporting for smaller firms, but “I don’t think quarterly reporting is going to change for our top names anytime soon,” SEC Chairman Jay Clayton said Thursday.