May 27, 2026
I understand the SEC has proposed allowing public companies to file financial reports twice a year instead of quarterly. This doesn't seem fair for the investors of public companies! I have been a member of an Investment Club for over 30 years, and we use those quarterly reports as a basis for our buy/sell decisions. By dropping our information down to twice a year our decision making would be severely affected concerning buys and sells. We need current information to make informed decisions. We would loose over half of the reviewed, certified financial filings annually if this is approved. It is my understanding that currently the 10-Q is reviewed by independent auditors, and the CEO and CFO sign it personally and can be held legally accountable for its contents. The voluntary corporate communications that would replace them carry none of that. As I said before, we need sound, up to date information to make good investing decisions. As a small investor, I request that you DO NOT approve this proposal. Sincerely, Ellen Burgeson Sent from my iPad