finance
SEC Proposes Ending Mandatory Quarterly Earnings Reports
The Securities and Exchange Commission formally proposed allowing public companies to file semiannual reports on a new form 10-S instead of quarterly 10-Q filings. The change, which President Trump has long advocated, aims to reduce short-term focus and let executives concentrate on long-term strategy.
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The Securities and Exchange Commission formally proposed a rule change Tuesday that would allow public companies to file semiannual reports on a new form 10-S in place of the traditional quarterly 10-Qs. Firms would still submit a full annual report.
SEC Chairman Paul Atkins said in a statement that the rigidity of current rules has prevented companies and investors from determining the interim reporting frequency that best serves their business needs. Trump previously stated that a semiannual system would save money and allow management teams to focus on running their business.
The proposal now enters a 60-day public comment period before it can be adopted by majority vote at the SEC.
Cohen told an audience at Consensus in Miami on Wednesday that the SEC’s more constructive approach to crypto regulation is giving market operators room to experiment with blockchain infrastructure and tokenized assets. Cohen said the industry now feels it can build again after years of uncertainty.
"The gray zone four years ago was a no-fly zone," he said. "The gray zone now is we can build. We can gain some scale. " Cohen described Nasdaq’s investments in always-on market infrastructure, tokenization and artificial intelligence as it works to converge traditional financial systems with digital assets.
He cited interoperability between legacy and digital platforms as a key hurdle. Nasdaq provides trading technology to more than 130 markets globally.
the agency stopped allowing investors with less than $5 million in shares to use EDGAR for exempt solicitations, which often address climate action, board accountability and diversity issues. The SEC said the change aimed to ease regulatory burden and reduce confusion among investors.
Shareholder advocates responded by launching the Proxy Open Exchange, or POE, an independent platform that mimics EDGAR’s structure and uses the same central index keys. As You Sow, the group behind the site, said it had received 63 filings in less than a week.
