Securities and Exchange Commission Chairman Paul Atkins gives opening remarks at a roundtable with the SEC’s Crypto Task Force at the Securities and Exchange Commission headquarters on April 25, 2025 in Washington, DC.
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Paul Atkins, chairman of the U.S. Securities and Exchange Commission,said his agency will propose a rule change following PresidentDonald Trump’s call to end earnings reports on a quarterly basis and switch to semiannual.
“I welcome that posting by the president, and I have talked to him about it,” Atkins said on CNBC’s “Squawk Box” Friday. “In principle, I think to propose change in what our rules are now, I think would be a good way forward, and then we’ll consider that and move forward after that.”
Current regulations require companies to report earnings on a quarterly basis, though providing forecasts is voluntary. The rules can be changed by just a majority vote on the SEC, where Republicans currently hold a 3-1 voting majority, with one open seat.
Atkins noted that foreign private issuers already adhere to semi-annual reporting.
“You have to realize that right now, semi-annual reporting is no stranger to our markets, foreign private issuers do it right now,” Atkins said. “There’s been a lot of discussion of the past few years about how this quarterly reporting kind of emphasizes a short term type of thinking.”
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