In a tweet dispatched Friday morning, Trump said he had spoken to "some of the world's top business leaders" about making business and jobs "even better" in the US and they had advocated an end to quarterly reporting. "That would allow greater flexibility & save money", he tweeted. Even SEC Chairman Jay Clayton, a Trump appointee who has made boosting the number of initial public offerings one of his top priorities, hasn't floated the idea of scaling back reporting requirements.
The SEC enjoys some level of distance from the White House because it's an independent agency.
According to Mr Trump, top business leaders from around the world claimed that removing the administrative burden of such regular reporting would boost the United States economy and create jobs.
One reason for a possible change is that reporting every three months means that companies sometimes lose long-term focus because their efforts are spent on showing short-term profits each quarter.
SEC spokesmen didn't immediately respond to a request for comment.
He said outgoing PepsiCo Inc Chief Executive Indra Nooyi had brought it up to him.
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However, the game could have been out of sight for Arsenal if they had taken their aforementioned chances in the first half. I made a decision to change because we needed more in the middle.
The reports can be found on the SEC's website. "We start preparing three weeks in advance every quarter, essentially taking nearly a third of executives' time each quarter", said Bryan Sheffield, chief executive of shale oil producer Parsley Energy Inc.
Tesla Inc Chief Executive Elon Musk stunned investors last week with a plan to take the electric carmaker private, a move he says would benefit shareholders by removing short-term pressures.
Trump's proposal, offered in a 7:30 a.m. tweet, took the securities industry by surprise and prompted some to worry that it could unintentionally lead to more market volatility and corporate mischief.
Indeed, corporate stocks are known to see sharp gains and falls on the heels of quarterly earnings releases that beat or miss forecasts - and market watchers have often said investors' quick reactions are unwarranted or ill-advised.
Europe has backed away from requiring companies to file quarterly reports.
"You're probably going to get a debate where you have people saying these reports are unnecessary, and I don't think that will convince a lot of people", said Martin, who's now a senior counsel at the law firm Covington & Burling. What is clear is that investors are more reluctant to invest with companies when they have less information on their performance.
The US Chamber of Commerce and other lobbying groups have also blamed compliance burdens for preventing more companies from selling shares. "Investors need timely, accurate financial information to make informed investment decisions".