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> including the extension of U.S. Securities and Exchange Commission surveillance and whistleblower program, investor due diligence reform, and dedicated entrep

by bilekas 2mo ago

> including the extension of U.S. Securities and Exchange Commission surveillance and whistleblower program, investor due diligence reform, and dedicated entrepreneurship education interventions Wasn't the SEC essentially gutted to the point it's basically toothless right now?

bogzz 2mo ago
The SpaceX IPO is perhaps the latest and most damning outcome of that gutting.
- bilekas 2mo ago
  Seems the current SEC head is a moron. https://finance.yahoo.com/markets/article/sec-chair-defends-proposal-to-allow-companies-to-report-earnings-only-twice-a-year-203339554.html https://finance.yahoo.com/markets/article/sec-chair-defends-...
  - bogzz 2mo ago
    I am torn on this issue, because I would love to disincentivize short-term thinking at the executive level, and I initially considered this a decent move in that regard.
    - a34729t 2mo ago
      I mean, maybe a disinterested moron is better for some things? Would be great if companies only had to report once a year.
      - donavanm 2mo ago
        > Would be great if companies only had to report once a year. Why and how would it be in the public or shareholder interest? Im unaware if any public market where similar reductions in reporting led to significant, positive, outcomes. FTSE is the common example. They had a similar “reform” circa ‘14 and FTSE companies continue to generally under perform while the LSE continues to lose listings.
  - dannyw 2mo ago
    That's so subjective. The idea isn't new, many have proposed twice-annually earnings reports; for example the LTSE (Long-Term Stock Exchange) has been trying to make it happen for a while. If you have worked at a public or large company, chances are, you've probably seen first-hand negative examples of quarter-by-quarter optimization for quarterly earnings; that's far from the "global maxima" or "greatest long-term good". Whether the downsides of less public/investor transparency, less frequent information, etc outweigh the (potential benefits) is a genuine question. There are plenty of words to describe the current SEC chair, this _isn't_ an example of moronic IMO.

by bilekas 2mo ago

bogzz 2mo ago

The SpaceX IPO is perhaps the latest and most damning outcome of that gutting.

bilekas 2mo ago
Seems the current SEC head is a moron. https://finance.yahoo.com/markets/article/sec-chair-defends-proposal-to-allow-companies-to-report-earnings-only-twice-a-year-203339554.html https://finance.yahoo.com/markets/article/sec-chair-defends-...
- bogzz 2mo ago
  I am torn on this issue, because I would love to disincentivize short-term thinking at the executive level, and I initially considered this a decent move in that regard.
  - a34729t 2mo ago
    I mean, maybe a disinterested moron is better for some things? Would be great if companies only had to report once a year.
    - donavanm 2mo ago
      > Would be great if companies only had to report once a year. Why and how would it be in the public or shareholder interest? Im unaware if any public market where similar reductions in reporting led to significant, positive, outcomes. FTSE is the common example. They had a similar “reform” circa ‘14 and FTSE companies continue to generally under perform while the LSE continues to lose listings.
- dannyw 2mo ago
  That's so subjective. The idea isn't new, many have proposed twice-annually earnings reports; for example the LTSE (Long-Term Stock Exchange) has been trying to make it happen for a while. If you have worked at a public or large company, chances are, you've probably seen first-hand negative examples of quarter-by-quarter optimization for quarterly earnings; that's far from the "global maxima" or "greatest long-term good". Whether the downsides of less public/investor transparency, less frequent information, etc outweigh the (potential benefits) is a genuine question. There are plenty of words to describe the current SEC chair, this _isn't_ an example of moronic IMO.