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

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On September 29, according to the Financial Times, the SEC has committed to seeking minimal regulation of Wall Street and expediting approval of Trump's proposal to abolish quarterly reports for companies. Paul S. Atkins, the SEC chairman appointed by Trump this spring, stated today that he will consider replacing the current requirement for public companies to report every three months with semiannual reports. "The government should provide the minimum 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 public companies confirms that the U.S. government will loosen its oversight of public companies to a greater extent.

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