美国证监会计划取消季度财报要求，预计2026年实施。该消息源自《华尔街日报》报道，但路透原文因授权问题无法访问。

美国证监会拟取消季度财报要求

据《华尔街日报》报道，美国证券交易委员会（SEC）正在准备从2026年起取消上市公司提交季度财报的要求。这一改革举措旨在减轻企业负担，但可能引发关于投资者信息获取充分性的讨论。

（注：由于源网站返回401未授权错误且可能存在验证码限制，无法获取完整报道内容。以上信息基于现有标题和URL中的关键信息进行提炼，已过滤掉与技术错误相关的无关内容。）

以下是评论内容的总结：

支持减少报告频率的观点

1. 减少短期主义：认为减少季度报告可以降低企业对短期业绩的过度关注，鼓励长期投资。

   • "If you have earnings too frequently, it encourages companies to become hyper focused on earnings and make less long term investments." (deadbabe)
   • "After hating how each company runs on an internal quarterly cycle, I have to welcome it... Six months is still short from the perspective of perverse incentives." (kshacker)

2. 降低企业负担：减少报告频率可以减轻企业和员工的行政负担。

   • "the quarter-end panic could lessen... the whole corporate machinery that takes 3–6 weeks after quarter end to churn out reports." (kshacker)
   • "European companies report every 6 months and it doesn't seem to do any harm." (readthenotes1)

反对减少报告频率的观点

1. 降低透明度：认为减少报告频率会削弱市场透明度，增加信息不对称，对普通投资者不利。

   • "Less frequent earnings could mean more information asymmetry for retail investors - institutions with proprietary data will have even more edge." (vicchenai)
   • "I love having less information to critical financial decisions on... I wonder who this benefits, the people with non public information, or the every day person?" (CamelCaseName)

2. 增加财务欺诈风险：认为减少报告频率可能使剩余报告的重要性增加，从而加剧财务造假。

   • "it's also going to increase the amount of financial reporting fraud because the remaining reports will become even more important." (gamblor956)
   • "Having less information does not change one's time horizon. It just means large investors paying for proprietary data will have more edge." (cheriot)

其他观点

1. 技术可行性：部分评论提到技术可以支持更频繁的报告，甚至实时报告。

   • "Report earnings monthly, with the goal of eventually moving to a near real-time, daily, fundamental update." (throw0101c)

2. 市场反应：对企业在政策变化后的行为提出疑问。

   • "Will most keep publishing quarterly reports, will most switch to semiannual reports, or will it be a 50/50 split?" (gucci-on-fleek)

3. 政治动机质疑：部分评论认为政策变化可能隐藏不良动机。

   • "This one? I really have a hard time thinking it's nothing else then another grifting scheme." (p-o)
   • "Quick, hide the data. Bury the bad news. This will delay the market crash an extra quarter." (Gigachad)

总结显示，评论中对减少报告频率的支持和反对意见均有一定代表性，核心争议围绕透明度、短期主义、企业负担和市场公平性展开。