| > I read the news. Obama floated the idea Do you have a source? I’m struggling to find this. > Wall Street wants the quarterly reporting requirements because it lets them make more money How are you defining Wall Street? Investment banks have historically—as in post-War—been against reporting requirements for obvious reasons. (IPO bankers don’t care for more restrictions. IBs sell research and access, which compete with public filings.) The 1970 SEC rule was pushed for by SEC staff, exchanges, institutional investors and accountants. I’d be curious if you have a source showing a single investment bank coming out in support of Sarbanes-Oxley. > Paradoxically, the 10-Q form introduced in the 1970s was intended to prevent insider trading Genuinely curious for a source for this claim, too. Ideally contemporaneous. I don’t recall the Wheat Report [1] or Special Study focusing on insider trading when pushing for tighter reporting requirements. [1] https://www.sechistorical.org/museum/galleries/tbi/gogo_d.ph... |