SEC’s semi‑annual reporting plan

The SEC is reportedly close to letting U.S. companies switch from quarterly to semi‑annual reporting, effectively loosening a 90‑year‑old rule. Canada has just launched its own semi‑annual reporting pilot, and the TMX exchange is already lobbying to extend it to bigger companies to make IPOs easier. For ordinary investors, this isn’t a boring paperwork tweak—it changes how often you get hard numbers, how big earnings surprises might be, and who has the edge in the gaps between reports.