Long-Term Stock Exchange CEO on Biannual Reporting and Company Differentiation

The Long-Term Stock Exchange Mission

• 🎯 The Long-Term Stock Exchange (LTSE) is a registered national market system exchange, similar to NASDAQ and NYSE, but with a mission to advocate for long-term investors and long-term companies.
• 💡 LTSE aims to allow companies to differentiate themselves, not by forcing specific metrics, but by providing a platform that values long-term strategies.

Rethinking Quarterly Earnings Reports

• 📊 LTSE is advocating for a rule change with the SEC to allow companies to optionally report biannually instead of quarterly.
• ⚖️ The goal is to balance the needs of investors with the ability of managers to efficiently run their companies without the burden of frequent reporting.
• 🚀 This initiative is intended to encourage more companies to go public by reducing a significant reason for them to stay private.

Perspectives on Reporting Frequency

• 🗣️ While acknowledging the recent uptick in IPOs, the focus remains on long-term trends rather than short-term market performance.
• 🤝 The proposal to move to biannual reporting is seen as a non-political issue, with agreement from both Democrats and Republicans.
• 💬 The market should not be one-size-fits-all; companies should have the option to report more frequently if they choose, with the analyst community and media holding them accountable for transparency.