Two Sigma and D.E. Shaw Oppose SEC Reporting Changes
Two Sigma and D.E. Shaw are opposing an SEC plan to make quarterly reporting optional. They argue the move would reduce transparency and increase volatility.
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A coalition of prominent Wall Street investment firms, including Two Sigma Investments and D.E. Shaw, has mobilized against a proposal by the United States Securities and Exchange Commission (SEC) to allow public companies to opt out of quarterly financial reporting. These firms, alongside institutional giants like Citadel and Fidelity, have expressed concerns that reducing the frequency of disclosures would stifle the flow of critical financial information and harm investor interests.
