SEC Proposes Semiannual Corporate Earnings Reports

The U.S. Securities and Exchange Commission (SEC) has proposed allowing public companies to file earnings reports twice a year instead of quarterly. This would replace the current requirement of three quarterly reports plus an annual report with one semiannual and one annual filing. The proposal ends a 55-year-old mandate for quarterly reporting. The change aims to reduce corporate reporting burdens and encourage long-term investment. Critics argue it could reduce transparency and timeliness of financial information for investors. The SEC is seeking public comment on the proposal before any final decision.