Wall Street’s top watchdog has pledged to pursue a minimum “dose” of regulation and fast-track President Donald Trump’s proposal to scrap quarterly corporate reporting, underlining an abrupt loosening of financial regulations by the Securities and Exchange Commission.
SEC chair Paul Atkins, appointed by Trump in the spring, said in an opinion article for the Financial Times on Monday that he would look at the option of semi-annual corporate reporting in place of the current requirement that listed companies report results every three months.
“The government should provide the minimum effective dose of regulation needed to protect investors while allowing businesses to flourish,” Atkins wrote.
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