U.S. President Donald Trump speaks to reporters upon his departure from the White House in Washington, U.S., August 17, 2018. REUTERS/Kevin Lamarque
(Reuters) - U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six months.
In a tweet, he argued a longer time frame would "allow greater flexibility & save money." But any such policy change from the SEC would likely face a long and uncertain path to becoming reality.
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