Jay Dubow, a partner and co-leader of Troutman Pepper Locke’s Securities Investigations + Enforcement Practice Group, was quoted in the May 6, 2026, Chief Investment Officer article, “SEC Proposes Rule Reducing Frequency of Public Company Reporting.”

  • According to Jay Dubow, a partner in Troutman Pepper Locke’s securities investigations and enforcement practice group, an optional approach to quarterly reporting could be disruptive for professional investors, since they have grown used to quarterly filings and to companies being on the same schedule. The proposed new approach could, for example, leave companies in the same sector reporting on different schedules.
  • Dubow also says implementing the proposed change by updating an SEC rule, rather than by statute, could be complicated, since the SEC could revert to quarterly filings under different leadership. Despite the risk of complications, Dubow noted semiannual reporting could provide cost savings, especially for smaller companies.
  • “It’ll be more confusing if some companies opt for semiannual reporting and some remain quarterly,” he says.
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