"I'd like to see twice (a year), but we're going to see", Trump said.
"That would allow greater flexibility & save money", he said in a post on Twitter on Friday. The SEC is an independent commission-led agency, and the president can not force it to implement rule changes.
"In speaking with some of the world's top business leaders I asked what it is that would make business (jobs) even better in the US".
Some investors on Friday said quarterly disclosures were essential to making informed investment decisions and supported richer USA valuations, and that shares could become more volatile if companies report only twice yearly. A spokeswoman for Chairman Jay Clayton did not respond to a request for comment.
Trump said the issue was brought to his attention recently by Indra Nooyi, the chief executive officer of PepsiCo Inc.
Transfer: Zidane makes contacts with Manchester United, wants Mourinho's job
Between 1993 and 2013, Scholes made 718 appearances for United, scoring 155 goals and winning 25 major honours. Instead Zidane will instead take a year off to relax following the mental stress he was under at Real Madrid .
The SEC requires public companies to report profit, revenue and other figures publicly every three months. But quarterly reports on results are distinct from the so-called earnings guidance that company executives provide as a forecast.
Billionaire investor Warren Buffett and JPMorgan Chase & Co Chief Executive Jamie Dimon wrote in the Wall Street Journal in June that USA companies should move away from giving quarterly guidance, arguing it holds back spending on hiring, investment and research, but did not call for an end to quarterly reporting.
Companies that want to distance themselves from short-term scrutiny should instead stop publicly projecting the next quarter's earnings, Pozen added.
Last fall it laid out changes to capital market rules in a US Treasury report, but did not advocate scrapping quarterly reporting. Putting together quarterly reports is also a huge cost for public companies, requiring resources to be directed at reporting rather than producing goods and services for the market.
"You're probably going to get a debate where you have people saying these reports are unnecessary, and I don't think that will convince a lot of people", said Martin, who's now a senior counsel at the law firm Covington & Burling.
"Investors will demand they get their information", Ed Yardeni, founder of Yardeni Research Inc., said in a Bloomberg Television interview.
The U.S. Chamber of Commerce and other lobbying groups have blamed compliance burdens for preventing more companies from selling shares. In 1996, nearly 950 companies went public, according to data compiled by Bloomberg. "Investors need timely, accurate financial information to make informed investment decisions".