Trump calls on SEC to end quarterly reporting requirements for listed firms

(Sharecast News) - US president Donald Trump called for public companies to be freed from the requirement to report quarterly earnings on Monday, urging the Securities and Exchange Commission to switch to half-yearly disclosures instead. In a post on his Truth Social platform, Trump said the change would save companies money and enable executives to focus more on running their businesses.

He contrasted the US system with longer-term planning horizons he attributed to Chinese firms, saying: "China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!"

According to Reuters, Trump previously asked the SEC to consider scrapping quarterly reporting rules during his last term in the White House between 2017 and 2021.

Reporting by Josh White for Sharecast.com.