r/WallStreetBets really hates the SEC’s proposal to weaken quarterly reporting

The SEC has proposed letting public companies report twice a year instead of every quarter.

WallStreetBets submitted a sharply worded comment opposing the change, saying it would weaken transparency.

Critics argue less frequent 10-Q updates would give retail investors less timely information than insiders.

If adopted, the rule could widen the information gap between public companies and everyday traders.