Excerpt from "Trump asks: Should Corporate America reveal its results less often?"

President Donald Trump has asked Wall Street's top regulator to look into whether U.S. companies should report their financial results less often, a move that could upend long-standing rules and which critics claim could leave investors with too little information about the stocks they own.

Instead of publicly traded companies disclosing how they've done every quarter, which are three-month stretches, the president tweeted on Friday that he wants the Securities and Exchange Commission to study if companies should instead share their results every six months.

Critics of Trump's push for less frequent corporate reporting say quarterly reports are still the way to go, stressing the more frequently investors get updates via regulatory filings from the companies they invest in, the better.

"No smart investor would favor this proposal," says David Kotok, chairman and chief investment officer at Cumberland Advisors, an investment firm in Sarasota, Florida. "Smart investors want regularity and transparency and directors' accountability."

Read the full article at USA Today.

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