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Citing the need for flexibility, the SEC wants to give public companies the option of reporting twice per year rather than quarterly.
The U.S. Securities and Exchange Commission (SEC) has put forth a proposal to give public companies the option of filing reports semiannually instead of quarterly, streamlining compliance with federal securities laws. However, key industry players are pushing back, arguing that investors could be hurt by information gaps and that market efficiency could take a hit....
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