.png)
Securities and Exchange Commission Chairman Paul Atkins gives opening remarks at a roundtable with the SEC's Crypto Task Force at the Securities and Exchange Commission headquarters on April 25, 2025 in Washington, DC.
Anna Moneymaker | Getty Images
Paul Atkins, chairman of the U.S. Securities and Exchange Commission, made the remarks on CNBC's "Squawk Box" Friday.
Earlier this week, President Donald Trump proposed the idea that companies should no longer provide earnings reports on a quarterly basis and switching to semiannual instead. The SEC said the agency is actively looking into that plan.
"At President Trump's request, Chairman [Paul] Atkins and the SEC is prioritizing this proposal to further eliminate unnecessary regulatory burdens on companies," an agency spokesperson said earlier.
Current regulations require companies to report earnings on a quarterly basis, though providing forecasts is voluntary. The rules can be changed by just a majority vote on the SEC, where Republicans currently hold a 3-1 voting majority, with one open seat.
This is breaking news. Please check back for updates.
English (US) ·