May 6, 2026
I am strongly in favor of reducing the frequency of extensive financial reporting for publicly traded companies. Lengthy quarterly filings create an undue burden on smaller publicly traded companies and disincentivize business participation in stock markets, leading to fewer stocks available to the public and more businesses owned by private equity. To balance the informational needs of investors with the administrative burden placed on management, I propose the following: retaining the 10K in its current form, removing the requirements for 10Q, and formally requiring the quarterly earnings releases investors actually depend upon. These earnings releases would be required to include, at minimum, a balance sheet and income statement. This regulatory update should satisfy investor concerns without the excessive reporting required under the current rules.