r/WallStreetBets really hates the SEC's proposal to weaken quarterly reporting

Reddit's WallStreetBets bashes the SEC's plan to dial back quarterly reporting for companies

Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty ImagesWallStreetBets submitted a comment on the SEC proposal to reduce reporting requirements for companies.The popular Reddit community believes the plan would be a blow to retail traders.It said that WallStreetBets members rely on regular earnings updates for vital information.Retail traders on WallStreetBets are not on board with the Securities and Exchange Commission's plan to …

r/WallStreetBets really hates the SEC's proposal to weaken quarterly reporting

The retail trading subreddit submitted the sharpest criticism yet in response to the financial regulator's idea of letting companies report twice per year.

WallStreetBets Opposes SEC Proposal To Reduce Quarterly Reporting Requirements

U.S. Securities and Exchange Commission is facing growing criticism over a proposal that would allow publicly traded companies to reduce the frequency of mandatory financial disclosures. Among the responses submitted during the public comment period, one of the most detailed objections came from the Reddit investing community WallStreetBets, which argued that quarterly financial reports remain one of the few tools retail investors have to compet…

WallStreetBets Slams SEC Proposal to Reduce Quarterly Reporting

The Securities and Exchange Commission (SEC) is facing growing criticism over a proposal that would weaken quarterly reporting… The post WallStreetBets Slams SEC Proposal to Reduce Quarterly Reporting appeared first on IMP.NEWS.