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SEC proposes rule to allow public companies to report twice a year

Axios · · 423 words · By Pete Gannon
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What to know about SEC proposes rule to allow public companies to report twice a year

The SEC has proposed a rule that would allow public companies to report earnings twice a year instead of quarterly. The proposal aims to provide regulatory flexibility and encourage companies to go public, though critics express concerns regarding investor transparency.

Propaganda risk 10%
Claims checked 10
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center75%
Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The Securities and Exchange Commission released a proposal Tuesday that would allow public companies to report earnings just twice a year.

Why it matters

Why it matters: It would be a fundamental change from the quarterly reporting cadence that has shaped U.S.

Common ground

Catch up quick: The proposed rule is intended to give public companies regulatory flexibility, with the ultimate goal of enticing more businesses to go, and remain, public, SEC chairman Paul Atkins said in a statement.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

The SEC has proposed a rule that would allow public companies to report earnings twice a year instead of quarterly. The proposal aims to provide regulatory flexibility and encourage companies to go public, though critics express concerns regarding investor transparency.

open_in_new Read the original article: https://axios.com/2026/05/05/sec-trump-quarterly-earnings

analyticsAnalysis

10%
Propaganda Score
confidence: 95%
Low risk. This article shows minimal use of propaganda techniques.

fact_checkClaims Checked

eFinder analyzed this article and checked 10 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 3
info Single Source 3
help Insufficient Evidence 2
verified Verified 2
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Claim 1: “The Securities and Exchange Commission released a proposal Tuesday that would allow public companies to report earnings just twice a year.”
CORROBORATED
Multiple independent web search results confirm the SEC released a proposal to allow public companies to report earnings semi-annually instead of quarterly.
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web search NEUTRAL — SEC proposes allowing public companies to opt out of quarterly earnings reports.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — The US Securities and Exchange Commission is considering a proposal to allow public companies to report earnings semiannually instead of quarterly, potentially reducing short-term pressures on managem…
https://www.linkedin.com/posts/todreichert_exclusive-sec-pre…
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web search NEUTRAL — Chair Atkins: SEC Nears Proposal to Allow Semi-Annual Reporting for Public Companies. Securities and Exchange Commission (SEC) Chairman Paul Atkins has indicated that the commission is very close to i…
https://tax.thomsonreuters.com/news/sec-proposes-optional-se…
info
Claim 2: “SEC staff is currently exploring potential amendments to what is required in financial statements”
SINGLE SOURCE
The evidence provided consists of general SEC descriptions and homepages; it does not specifically confirm that staff are currently exploring amendments to financial statement requirements.
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web search NEUTRAL — The SEC can bring a civil action in a U.S. District Court, or an administrative proceeding which is heard by an independent administrative law judge (ALJ). The SEC does not have criminal authority but…
https://en.wikipedia.org/wiki/United_States_Securities_and_E…
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web search NEUTRAL — Founded to help our country respond to the Great Depression, we’re the agency that protects investors from misconduct, promotes fairness & efficiency in the securities markets, and facilitates capital…
https://www.sec.gov/
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web search NEUTRAL — Find keywords and phrases in more than 20 years of EDGAR filings, and filter by date, company, person, filing category, or location. View a listing of real-time filings as they are submitted into the …
https://www.sec.gov/search-filings
info
Claim 3: “Some of America's top business leaders, among them JPMorgan Chase CEO Jamie Dimon and Warren Buffett, have previously called for an end to quarterly reporting”
SINGLE SOURCE
The search results returned information about Jamie Oliver and the name 'Jamie', but provided no evidence regarding Jamie Dimon or Warren Buffett's views on quarterly reporting.
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web search NEUTRAL — He was the owner of a restaurant chain, Jamie Oliver Restaurant Group, which opened its first restaurant, Jamie's Italian, in 2008. The chain went into administration in May 2019.
https://en.m.wikipedia.org/wiki/Jamie_Oliver
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web search NEUTRAL — Jamie is a unisex name. Traditionally a masculine name, it can be diminutive form of James or, more rarely, other names and is of Scottish English origin. It is also given as a name in its own right. …
https://en.m.wikipedia.org/wiki/Jamie
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web search NEUTRAL — JamieOliver.com is your one stop shop for everything Jamie Oliver including delicious and healthy recipes inspired from all over the world, helpful food tube videos and much more.
https://www.jamieoliver.com/
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Claim 4: “The SEC proposal will be subject to a 60-day public comment period.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for this claim.
info
Claim 5: “The idea was pushed last September by President Trump, who had also raised it late in his first term, in 2018.”
SINGLE SOURCE
The provided evidence for this claim consists of general Wikipedia lists of US Presidents and does not contain any information regarding President Trump's specific advocacy for semi-annual reporting in September or 2018.
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web search NEUTRAL — List of all presidents of the United States. ^ Presidents are numbered according to uninterrupted periods served by the same person.
https://en.wikipedia.org/wiki/List_of_presidents_of_the_Unit…
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web search NEUTRAL — Click on a president below to learn more about each presidency through an interactive timeline. The table below the graphic provides a list of presidents of the United States, their birthplaces, polit…
https://www.britannica.com/topic/Presidents-of-the-United-St…
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web search NEUTRAL — Learn more about the Presidents of the United States from WhiteHouse.gov.
https://bidenwhitehouse.archives.gov/about-the-white-house/p…
verified
Claim 6: “Erik Gerding, a partner at the law firm Freshfields who previously led the SEC Division of Corporation Finance, told Bloomberg.”
VERIFIED
Multiple sources confirm Erik Gerding is a partner at Freshfields and previously led the SEC's Division of Corporation Finance.
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web search NEUTRAL — Erik Gerding, Partner in New York, advises on securities regulation, financial markets, and corporate governance with deep SEC expertise.
https://www.freshfields.us/en/find-a-lawyer/g/gerding-erik
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web search NEUTRAL — Erik Gerding, who led the US Securities and Exchange Commission’s corporate finance division in the Biden administration, is joining Freshfields as a partner at the firm.Freshfields has hired two form…
https://news.bloombergtax.com/securities-law/freshfields-add…
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web search NEUTRAL — “This is essentially making it easier to have an IPO or another registered offering even when the staff are not available during a shutdown,” said Erik Gerding, a partner at Freshfields and former chi…
https://www.businesstimes.com.sg/companies-markets/capital-m…
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Claim 7: “The proposed rule is intended to give public companies regulatory flexibility, with the ultimate goal of enticing more businesses to go, and remain, public, SEC chairman Paul Atkins said in a statement.”
CORROBORATED
The claim is directly supported by an official SEC.gov statement and other news reports attributing the goal of regulatory flexibility and enticing businesses to go public to Chairman Paul Atkins.
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web search NEUTRAL — The proposed rule, if adopted, would allow companies to choose to file semiannual reports on new Form 10-S instead of quarterly reports on Form 10-Q.Today’s proposed amendments, if ultimately adopted,…
https://tax.thomsonreuters.com/news/sec-proposes-optional-se…
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web search NEUTRAL — Today’s proposed amendments, if ultimately adopted, would provide companies with increased regulatory flexibility in this regard.Of course, the frequency of regulatory reporting is only part of the eq…
https://www.sec.gov/newsroom/speeches-statements/atkins-stat…
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web search NEUTRAL — Catch up quick: The proposed rule is intended to give public companies regulatory flexibility, with the ultimate goal of enticing more businesses to go, and remain, public, SEC chairman Paul Atkins sa…
https://www.msn.com/en-us/money/other/sec-proposes-rule-to-a…
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Claim 8: “Atkins noted Tuesday that public companies have an obligation under federal securities laws "to provide information that is material to investors."”
CORROBORATED
The statement is attributed to Paul Atkins in multiple web search results and is consistent with general federal securities law descriptions found on Wikipedia.
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web search NEUTRAL — Disclosure filings. Federal securities laws require public companies to disclose material information through periodic reports so investors can evaluate financial performance and material risks. Manag…
https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_C…
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web search NEUTRAL — “Public companies have an obligation under the federal securities laws to provide information that is material to investors,” SEC Chairman Paul Atkins said in a statement.
https://tax.thomsonreuters.com/news/sec-proposes-optional-se…
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web search NEUTRAL — The Securities and Exchange Commission released a proposal Tuesday that would allow public companies to report earnings just twice a year. Why it matters: It would be a fundamental change from the qua…
https://www.msn.com/en-us/money/markets/sec-proposes-rule-to…
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Claim 9: “Atkins encouraged the Financial Accounting Standards Board to evaluate amendments to its accounting standards.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for this claim.
verified
Claim 10: “Benjamin Schiffrin, the securities policy director for Better Markets, said in a statement Tuesday”
VERIFIED
Multiple authoritative sources, including the Better Markets website and LinkedIn, confirm Benjamin Schiffrin is the Director of Securities Policy for Better Markets.
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web search NEUTRAL — Benjamin Schiffrin is Director of Securities Policy for Better Markets, where he leads our work regarding securities across the policymaking process, focusing on the Securities and Exchange Commission…
https://bettermarkets.org/team/benjamin-schiffrin/
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web search NEUTRAL — Director of Securities Policy · Experience: Better Markets · Education: Harvard Law School · Location: United States · 210 connections on LinkedIn. View Benjamin Schiffrin’s profile on LinkedIn, a pro…
https://www.linkedin.com/in/benjamin-schiffrin-896320261
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web search NEUTRAL — Benjamin Schiffrin, Better Markets. Benjamin Schiffrin is the director of securities policy for Better Markets, a non-profit financial reform advocacy firm. His focus is on securities across the polic…
https://www.dlnews.com/articles/regulation/what-to-expect-fr…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.