Trump Directs SEC to Study Six-Month Reporting for Public Companies

President says such a move would promote flexibility and savings

WASHINGTON—President Trump on Friday said he asked the Securities and Exchange Commission to consider scaling back how often public companies report results to investors, citing business leaders who say it could promote growth.

In a tweet early Friday morning, Mr. Trump said he consulted “some of the world’s top business leaders” on steps to create jobs and make business “even better.” He said one had told him, “Stop quarterly reporting & go to a six month system.”

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