Key facts
- Investors are sending letters to the SEC.
- The letters express opposition to proposed changes.
- The proposed changes involve dropping US quarterly reporting demands.
A significant backlash is building among investors regarding a proposal by the U.S. Securities and Exchange Commission (SEC) to eliminate quarterly reporting requirements. A large volume of letters has been sent to the SEC by enraged investors, clearly articulating their opposition to this potential change. The move to drop these demands has sparked considerable concern within the investment community, indicating a strong preference for the continuation of current reporting standards.