Keep pulling the thread on Gary Gensler.
The U.S. Securities and Exchange Commission has proposed a new rule that would change the corporate earnings reporting requirement from quarterly to semi-annually.
Elon Musk agreed to a $1.5 million settlement with the SEC for failing to timely disclose his stake in Twitter before acquiring the company.
During Gary Gensler's tenure as chair, the SEC shortened the deadline for disclosing a stake of over 5% in a company from 10 days to 5 days.
Under Gary Gensler's leadership, the SEC successfully negotiated an agreement with China requiring U.S.-listed Chinese companies to comply with U.S. audit inspection laws.
The Trump administration is currently holding up a military sale to Taiwan valued at approximately $11 billion.
The price of Brent crude oil fell by nearly $10 per barrel on Wednesday following reports of a potential agreement between the United States and Iran.
Approximately $700 million worth of oil futures were traded in the hour before a report was published about a potential U.S.-Iran deal, raising suspicions of insider trading.
SEC Chair Paul Atkins stated the proposed change to semi-annual reporting would provide companies with increased regulatory flexibility.
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, economic studies have shown that quarterly reporting leads to higher price-to-earnings ratios and a lower cost of capital for companies.
During his first term, President Donald Trump advocated for a shift away from quarterly corporate earnings reporting.
Under SEC Chair Jay Clayton, the Trump administration explored moving away from quarterly reporting through public roundtables and a concept release but did not ultimately implement the change.