Jun. 25, 2026
To the Securities and Exchange Commission: As an individual investor, I value regular financial reporting because it helps me make informed decisions about my retirement savings and long-term investments. While I understand the goal of reducing burdens on public companies, I am concerned that allowing companies to report only twice a year could reduce transparency for ordinary investors. Large institutional investors often have access to more resources, analysts, and alternative sources of information than individual investors. Quarterly reports help narrow that information gap by ensuring everyone receives standardized financial information on a regular basis. I encourage the SEC to carefully consider whether reducing required reporting frequency could unintentionally disadvantage retail investors and reduce confidence in the fairness of our public markets. If changes are made, I hope the Commission preserves timely, consistent, and comparable financial disclosures that allow individual investors to make informed decisions.