美國證券交易委員會（SEC）計劃取消上市公司發布季度財報的規定，改為每半年揭露一次，但此舉引發了市場的強烈反對。據統計，該提案收到了創紀錄的20萬份公眾意見，其中高達99.5%反對這項變革，反對者包括避險基金、大型交易所以及摩根大通等知名金融機構，他們認為這會降低市場透明度並損害投資人權益。

彭博社的數據分析顯示，若實施半年報制度，將會掩蓋公司許多重大的財務變化，尤其是在隱藏業績下滑方面更為明顯。在疫情等高度波動時期，高達15%的重大季度營收衰退會被半年報吸收而無法顯現，這讓批評者擔憂企業可能藉此掩蓋本應在季度報告中曝光的負面消息。

儘管面臨巨大的反對聲浪，支持者如埃克森美孚與禮來公司則認為，減少財報頻率能讓企業專注於長期發展，減少短期波動的干擾。分析師預測該提案在2027年前通過的機率高達70%，因為具備全球先例與政治支持，且未來新制上路後，企業仍可自由選擇維持季度報告或改用半年報。

The US Securities and Exchange Commission (SEC) plans to eliminate the requirement for public companies to issue quarterly financial reports, shifting to semiannual disclosures, but this move has sparked fierce market backlash. According to statistics, the proposal received a record 200,000 public comments, with a staggering 99.5% opposing the change. Opponents, including hedge funds, major exchanges, and prominent financial institutions like JPMorgan Chase, argue that it would reduce market transparency and harm investor interests.

Data analysis by Bloomberg shows that implementing a semiannual reporting system would mask many significant financial changes for companies, particularly in hiding performance downturns. During highly volatile periods like the pandemic, up to 15% of material quarterly revenue declines would have been absorbed and concealed by half-year results, raising concerns among critics that companies could use this to bury bad news that would normally be exposed in quarterly reports.

Despite the massive wave of opposition, proponents such as ExxonMobil and Eli Lilly argue that reducing reporting frequency allows companies to focus on long-term development and reduces distractions from short-term volatility. Analysts predict a 70% probability that the proposal will pass by 2027 due to global precedents and political backing, noting that under the new system, companies would still have the flexibility to choose between maintaining quarterly reports or switching to semiannual ones.