The SEC plans to expedite the approval of Trump's proposal to eliminate quarterly reports for companies and seeks to relax financial regulations

ChainCatcher news, according to the Financial Times, the U.S. Securities and Exchange Commission has committed to seeking minimal regulation of Wall Street and accelerating the approval of Trump's proposal to abolish quarterly reports for companies.

Paul S. Atkins, the SEC chairman appointed by Trump this spring, stated that he would consider replacing the current requirement for publicly traded companies to report every three months with semi-annual reports. "The government should provide a minimal level of effective regulation to protect investors while allowing businesses to thrive." The Trump administration has taken a more business-friendly stance while seeking to impose greater control over independent federal agencies. The proposed relaxation of regulations for publicly traded companies confirms that the U.S. government will loosen its regulation of public companies to a greater extent.