U.S. Markets
The US SEC has reportedly received a record 200K comments on its proposal to replace mandatory quarterly earnings reporting with semi-annual reporting, WSJ reports
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Despite record 200,000 opposing comments, the SEC is expected to proceed with a rule allowing companies to choose semi-annual over quarterly reporting to reduce costs and encourage long-term focus.
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Despite the overwhelming public opposition, the regulator is nevertheless likely to proceed with the rule change, WSJ says
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