The US Securities and Exchange Commission (SEC) is preparing a proposal that would eliminate quarterly reporting requirements for public companies. This move would allow companies to choose between reporting on a quarterly schedule or on a semiannual one. Proponents argue that this shift allows businesses to spend less time “living and dying by the quarter” and focus on building and focusing on their business. However, this shift could be problematic for retail investors and short-term traders due to the lack of transparency about the firm's financials and health. The proposal could also encourage privately traded firms to move up to markets, but it may also be bad for retail.