It sounds like this will just benefit executives and insiders, who will have more time to buy/sell their own positions before having to report actual numbers to the general public. Even ETF investors just dollar cost averaging would be buying at inflated prices while connected hedge funds and their buddies have 6 months to dump before the rug pull.
SEC Proposes Ending Quarterly Reporting
byu/THIMBLEDICK ininvesting
Posted by THIMBLEDICK
1 Comment
as a cpa / financial accountant i strongly support this. 1H year is enough quarterly reporting is way to burdensome on filers and their employees imo. this will simplify reviews / audits, reduce costs, increase ease of compliance, and overall make my life (and other finance professionals) lives easier.