The U.S. Securities and Exchange Commission (SEC) has issued a new rule requiring publicly traded companies to submit quarterly financial reports. This regulation, effective immediately, mirrors a longstanding practice established in 1970. The SEC’s directive mandates that these companies regularly disclose their financial performance, including revenue, expenses, and assets, to regulatory oversight. Compliance with this new requirement will impact the frequency and scope of reporting, potentially influencing investor analysis and market transparency.
Credits: NYT > Top Stories