The US SEC plans to expedite approval of Trump's proposal to abolish quarterly corporate reporting and seek to ease financial regulations.

PANews reported on September 29th that the Financial Times reported that the U.S. Securities and Exchange Commission (SEC) has pledged to seek minimal regulation of Wall Street and expedite approval of Trump's proposal to abolish quarterly corporate reporting. SEC Chairman Paul S. Atkins, appointed by Trump this spring, said today that he would consider replacing the current three-monthly reporting requirement for public companies with semiannual corporate reporting. "Government should provide the minimum level of effective regulation to protect investors while allowing businesses to thrive," he said. The Trump administration has adopted a more business-friendly stance while seeking greater control over independent federal agencies. The proposed relaxation of public company regulations confirms the U.S. government's commitment to further deregulating public companies.