Jun. 29, 2026
To the Securities and Exchange Commission: Subject - Protecting Retail Investors: Oppose SEC Proposal to Eliminate Quarterly Reporting (File S7-2026-15) To Whom It May Concern, I am writing to urge your organization to aggressively oppose the SEC's recent proposal (File S7-2026-15) that would allow public companies to elimate quarterly financial reporting in favor of semiannual reporting. As a 69 year-old healthcare administrator still working full-time, I represent millions of senior retail investors. This year, I began taking my Social Security benefits and strategically reinvesting those funds into Roth IRA's and other personal retirement vehicles to secure my financial future. Likewise, I am permanently disabled. The SEC's proposal directly harms everyday investors like my self in the following ways - 1.) Creates dangerous information gaps individual investors lack access to high-priced, real-time institutional data. We rely entirely on the level playing field provided by mandatory, standardized, 4-quarter reporting. 2.) Increases retirement account volatility moving from a 3 month to 6 month reporting cadence creates dangerous information vacuums. When half-year data is finally released, the resulting market volatility can devastate retirement portfolios that are being actively managed and balanced. 3.) Reduces essential corporate transparency: 60 days or even 90 days is more than enough time for corporate performance to shift. Waiting 6 months to see structural financial changes leaves retail investors exposed to invisible risks. Corporate compliance costs should never be prioritized over retail investor protection and basic market transparency. The SEC's primary mandate is to protect investors, not to shield corporations from public accountability. Please use your platform to demand that the SEC preserve mandatory 4-quart reporting and mantain a transparent, fair market for regular Americans who are working hard to fund their retirements. In this volatile political climate, I am doing my part to take care of myself. Sincerely, Rod Bernil Millington, Tennessee