Keep pulling the thread on Gary Gensler.
The U.S. Securities and Exchange Commission has proposed a rule change that would move the requirement for public companies to report earnings from quarterly to semi-annually.
Elon Musk agreed to a $1.5 million settlement with the SEC for failing to disclose his stake in Twitter in a timely fashion before acquiring the company.
During his tenure as chair, Gary Gensler's SEC shortened the reporting deadline for accumulating a 5% stake in a company from 10 days to 5 days.
During Gary Gensler's tenure as SEC Chair, an agreement was reached requiring Chinese companies listed in the U.S. to comply with American auditing laws.
The Trump administration is currently holding up an $11 billion military sale to Taiwan.
Brent crude oil prices fell by nearly $10 per barrel following a report that the U.S. and Iran were nearing an agreement.
$700 million in oil futures were traded in the hour preceding an Axios report about a potential U.S.-Iran agreement, raising suspicions of insider trading.
SEC Chair Paul Atkins stated that the proposed change to semi-annual reporting would provide companies with increased regulatory flexibility.
Critics of the SEC's proposal to move to semi-annual reporting believe the change could heighten the risk of insider trading.
Gary Gensler believes the SEC's proposal to move to semi-annual reporting is a 'solution in search of a problem'.
According to Gary Gensler, multiple economic studies have shown that timely corporate reporting leads to higher price-to-earnings ratios and a lower cost of capital.
During his first term, President Donald Trump called for a move to semi-annual reporting, but then-SEC chair Jay Clayton did not ultimately implement the change.