Investors push back on SEC plan to release corporate earnings less frequently

The U.S. government has pitched an obscure accounting rule change that has ignited a firestorm of opposition. If enacted, its effects might be felt from the capital markets to your retirement savings account. At issue is a proposal by the Securities and Exchange Commission that would scrap a long-standing requirement for registered companies to disclose their earnings every three months. Instead, they would have the option to do so only every six months. The agency says its proposal has tw...