SEC ‘Prioritizing’ Trump’s Push to Cull Quarterly Reporting (2)

Wall Street’s main regulator said it is “prioritizing” a proposal from Donald Trump to reduce the frequency of corporate earnings reports, after the president again stepped into a long-running debate over transparency in American capitalism.

The Securities and Exchange Commission said in a statement it is pursuing a proposal to “further eliminate unnecessary regulatory burdens on companies.” The move followed a social media post by Trump earlier Monday calling for an end to the quarterly reports that companies issue to share financial results with investors.

The SEC mandated for companies to report quarterly in 1970, part of its decades-long ...