SEC's Quarterly Reporting Retreat Meets an Investor Revolt

CFP Board and others are urging the SEC to preserve quarterly corporate reporting requirements, arguing that reducing disclosures to twice a year would limit access to timely financial information, increase costs and make it more difficult for advisors and investors to evaluate companies and market trends. Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel at CFP Board, said quarterly reporting provides investors and financial professionals with reliable, comparable data, and warned that less frequent reporting would widen information gaps, reduce transparency and make fraud harder to detect.

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