Trump Ignites Wall Street Debate With His Tweet on Earnings
- Urges SEC to examine six-month reports rather than quarterly
- Investors might balk at fewer disclosures of financial data
This article is for subscribers only.
President Donald Trump brought a long-simmering debate on Wall Street to the surface Friday when he prodded regulators to look into scaling back how often publicly traded companies report financial results.
Trump’s proposal, released via Twitter, would do away with the decades-old tradition of obligating companies to file quarterly reports and move to a semi-annual system. He picked a good moment to put the idea forward: Elon Musk is in the midst of a dramatic push to take Tesla Inc. private in large part, he says, to remove the pressures of having to report quarterly earnings.