SEC's Plan to Shift Quarterly Reports to Semi-Annual Filings Passes White House Review

According to PANews, the SEC's proposal to allow U.S. listed companies to shift quarterly financial reports to semi-annual disclosures passed White House review on May 1. The review was completed earlier this week, enabling the SEC to formally publish the plan and solicit public comment. After gathering feedback, SEC commissioners must vote on the final version before the rule takes effect, typically within months.
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