Craig Marcus Participates in MFA Panel Discussion on SEC's Semiannual Reporting Proposal

Capital markets co-chair Craig Marcus recently spoke at a Managed Funds Association (MFA) Briefing titled "Quarterly Transparency at Risk? Analyzing the SEC's Semiannual Reporting Proposal."

The panel discussion examined the SEC's proposal to allow public companies to voluntarily shift from quarterly to semiannual financial reporting. In an effort to reduce the costs and burdens of being a public company, the SEC is proposing a shift away from the current quarterly reporting cadence — but critics have raised concerns that reduced disclosure could impair liquidity and increase information asymmetry among market participants. Craig and his fellow panelists explored the proposal and its anticipated impacts on institutional investors and issuers.