SEC Proposes Shift to Optional Semiannual Reporting for Public Companies

SEC Proposes Shift to Optional Semiannual Reporting for Public Companies

The U.S. Securities and Exchange Commission (SEC) released an amended proposal on Tuesday that would allow publicly traded companies to transition from mandatory quarterly financial reporting to an optional semiannual schedule. Under the proposed rules, firms electing this path would submit a new document, Form 10-S, in place of the traditional Form 10-Q, granting corporations…

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