SEC Fast-Tracking Move Away from Quarterly Reporting: "Let the Market Decide"

Let the market decide how often companies report

The government should provide the minimum effective dose of regulation needed to protect investors while allowing businesses to flourish. And for that reason I am fast-tracking President Trump’s proposal to equip companies with the option to report on a semi-annual basis, rather than locking them into the current quarterly reporting regime.

Of course, this concept is hardly novel. Quarterly reporting as we know it did not begin in the US until 1970 — more than 35 years after the US established the SEC itself. And even today, our regulatory landscape already permits such flexibility for select companies. For example, foreign companies listed on US exchanges are required to report semi-annually, though some continue to report earnings results each quarter. Likewise, since the UK returned to semi-annual reporting in 2014, some large companies have elected to still report quarterly.

It is time for the SEC to remove its thumb from the scales and allow the market to dictate the optimal reporting frequency based on factors such as the company’s industry, size and investor expectations. Mandatory quarterly reporting is hardly a cornerstone of the dynamism that distinguishes our capital markets. Giving companies the option to report semi-annually is not a retreat from transparency. Instead, it puts a renewed focus on market-driven disclosure practices that favour the interests of companies and their investors over prescriptive regulatory mandates.

Statement on Simultaneous Commission Consideration of Settlement Offers and Related Waiver Requests

In consultation with the Divisions of Enforcement, Corporation Finance, and Investment Management, I believe that it is appropriate to restore the Commission’s prior practice of permitting a settling entity to request that the Commission simultaneously consider an offer of settlement that addresses both an underlying Commission enforcement action and any related waiver request. This salutary practice promotes fairness and economy of Commission resources but unfortunately was changed by the prior Administration.

An offer of settlement in a Commission enforcement action that includes a contemporaneous waiver request will be presented to the Commission by the staff for simultaneous consideration. This approach will enable the Commission to consider both the proposed settlement and waiver request together, within the context of the relevant facts, conduct, and consequences, and with the benefit of the analysis and advice of the relevant Commission Divisions, to assess whether the proposed resolution of the matter in its entirety achieves the Commission’s three-part mission more generally. This approach will enhance efficiency and certainty in the settlement process and avoid a siloed internal consideration of the matter, which are critical factors in reaching comprehensive settlements that are in the best interests of investors.

Crypto Billionaire Justin Sun Went From Pariah to Trump Moneyman

After descending the stairs from his Airbus A330, the Chinese-born crypto billionaire Justin Sun bent down and placed a palm on the Los Angeles tarmac, as if to prove to himself he’d really reached the US. Then he stood and threw a celebratory fist in the air. It was May 16, and the cross-country victory tour of President Donald Trump’s biggest crypto benefactor was just beginning.

Sun’s excitement was understandable. For years he hadn’t set foot in the US amid federal investigations that could have ruined his business. Now, after buying more than $90 million worth of two of the Trump family’s cryptocurrencies, he was returning as the president’s guest and business associate.

Unusual Trading Ahead of Crypto-Treasury Deals Draws Scrutiny From U.S. Regulators

Financial regulators have examined unusual trading patterns in the shares of companies that sought to make buying cryptocurrencies their core corporate strategy, people familiar with the matter said.

The Securities and Exchange Commission and the Financial Industry Regulatory Authority have reached out to some of the more than 200 companies that announced this year that they would adopt a crypto-treasury strategy, the people said.

In those conversations and letters, the regulators have raised concerns about what they say were unusually high trading volumes and sharp stock-price gains in the days leading up to the companies’ announcements.

In their outreach, SEC officials have warned companies about potential violations of Regulation Fair Disclosure, some of the people said. Known as Reg FD, the rule prohibits public companies from selectively disclosing material, nonpublic information to investors, analysts and other market participants who might trade on the information.

Personal scandals sink CEOs faster than financial fraud, research shows

A CEO’s canoodling with his company’s human resources chief – caught on the “kiss cam” at a Coldplay concert – made global headlines this summer. Beyond the memes and tabloid fodder, personal lives were shattered and a company was left in turmoil after its leader’s sudden exit. […]

How do these scandals stack up to other corporate indiscretions, such as financial fraud? As a management professor, I knew that there’s lots of research on CEOs’ financial crimes, but surprisingly little on personal misdeeds.

So my colleagues and I examined nearly 400 CEO scandals involving either financial or personal misconduct. In this research, published in August 2025 in the journal Strategic Organization, we found that not all CEO scandals are treated equally: The type makes all the difference.

Would You Work ‘996’? The Hustle Culture Trend Is Taking Hold in Silicon Valley

Working 9 to 5 is a way to make a living. But in Silicon Valley, amid the competitive artificial intelligence craze, grinding “996” is the way to get ahead. Or at least to signal to those around you that you’re taking work seriously.

The number combo refers to a work schedule — 9 a.m. to 9 p.m., six days a week — that has its origins in China’s hard-charging tech scene. In 2021, a Chinese high court barred employers from compelling employees to work 72-hour weeks. But that hasn’t stopped California tech workers from fixating on the approach — and posting about it nonstop in recent weeks on X and LinkedIn.