The SEC is putting on a brand-new magic show, and corporate America is loving it!
Step right up to a front row seat folks, because corporate acrobats want to perform without a safety net, leaving your retirement fund with little if any protection while sitting directly under that tightrope. š§
As if corporations don’t get away with enough already – is it about to become easier for corporate secrets to be withheld from shareholders?
The securities and exchange commission (SEC) has proposed some bold revisions.
They want to exempt “most” companies currently being regulated by the SEC, from having to hire outside auditors to examine their accounting procedures, which helps protect investors from fraud.
I wonder which companies would be exempt. š§
Currently companies have to send out quarterly reports but that will also be changed – reduced to twice per year.
This can affect your retirement.
If that happens, and your favorite stock begins to have trouble one month after the last report received, then it’ll take 5 more months before they have to send you that new but actually old information – and it may be too late for you to make any adjustments in your investments and create a safety net okay now I’m ready let’s to protect yourself.
When will this administration and those that support them learn that reduced accountability is risky business?!?
Another tidbit about this mess that I find interesting is that these changes by the SEC were released in May, but just now hit the New York Times and other major news outlets because the pushback on these proposed changes is exploding.
š Timeline of the Proposal
May 5, 2026: The SEC formally releases the proposal to allow optional semiannual reporting.
July 2026: The formal public comment window closes for investors, firms, and the public to submit feedback.
August 2026: The SEC holds internal meetings with major financial stakeholders to review the pushback.
August 28, 2026 (Today): Outlets like The New York Times publish major pieces analyzing the overwhelming public resistance now that the data is fully available.
