Elizabeth Warren says there’s a hidden reason why Trump wants to end companies’ quarterly earnings requirement

• Trump said companies should now inform the SEC in every quarter.

• Senator Elizabeth Warren criticized the proposal by saying that it weakens transparency.

• He says it’s a point – and says Trump doesn’t want to “report real numbers”.

You. Elizabeth Warren The president is not a fan Donald Trump’s The idea of ​​terminating three -month earnings reporting requirements.

“Massachusetts Democrat, on Tuesday night in an interview with Yahoo Finance” is weakening transparency. ” He said. “This is the point here.”

As of now, the securities and the stock market commission require public companies to report their earnings every three months, which is every three months.

In a statement on Monday, Trump said that the need should relax every six months, and that doing this would save money and allow longer -term thinking.

Warren argued that Trump swims out of change because “he knows that he has not reported real numbers in any of the economic fields, because he knows that he is in trouble in the economy.” Also Trump’s Fireing of the Bureau of Statistics of the Statistics After a disappointing July job report.

“If you don’t like this standard Donald Trump trick and numbers, try to overlook them.” He said. “And that’s what he’s trying to do.”

In a statement to BI, White House spokesman Taylor Rogers did not directly deal with Warren’s comments, instead Warren’s previous previous Identity as an Indian.

“Pocahontas is the last person who should advise on SEC Requirements.” He said. “He couldn’t even say the truth about his own past!”

Since 1970, companies have declared a profit every three months in the United States. In 2015, the European Union was transferred from the three -month earnings reporting program to the reporting program every two years.

Experts Conflict In the change, this can also break Existing ecosystem corporate lawyers and data providers that help companies comply with the requirements.

The change will not take place immediately. Although the agency says it will give priority to its offer, it must be approved by the SEC.

Three -month earnings reports are one of the few factors that investors can weigh when deciding. The transition to a six -month reporting means that information will be less frequently available.

“Investors do not need to see less information about the companies they invest in,” Warren said. He said. “After all, these companies use investors’ money.”

Read the original article Work inside