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Saturday, Sep 22, 2018
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Trump asks SEC to look into ditching quarterly filings

NEW YORK — President Donald Trump says he’s asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file.

In a tweet early Friday, Trump said that after speaking with "some of the world’s top business leaders," he’s asked the U.S. Securities and Exchange Commission to determine whether shifting to a six-month reporting regimen would make more sense.

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The SEC requires such companies to share profit, revenue and other figures publicly every three months.

Some believe that executives are making decisions based on short-term thinking to satisfy the market at the expense of the long-term viability of their companies.

There are also tremendous expenses tied to preparing quarterly and annual reports.

Check back for updates.

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