Securities and Exchange Commission asks D.C. employees to work from home after coronavirus scare

Washington Post logoThe Securities and Exchange Commission on Monday asked employees at its D.C. headquarters to stay away from the office because of a potential coronavirus case, becoming the first major federal employer to turn to telework to avoid the spreading virus.

The announcement from the agency, which is charged with monitoring the financial markets, came after a day of turmoil on Wall Street, with the Dow Jones industrial average falling more than 2,000 points. The agency‘s notice, which was emailed shortly after 8 p.m., required employees working on the ninth floor of its office to stay home and encouraged all others to do the same.

“Out of an abundance of caution, effective immediately the SEC is requiring all Headquarters personnel (employees and contractors) who work on the 9th floor to telework,” the email to employees read. Continue reading.

Trump asks SEC to consider benefits of reporting earnings just twice a year

The following article by Dan Primack was posted on the Axios website August 17, 2018:

redit: Axios Visuals

President Trump this morning tweet-proposed a fundamental change to U.S. corporate governance and transparency:

“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 U.S. ‘Stop quarterly reporting & go to a six month system,’ said one. That would allow greater flexibility & save money. I have asked the SEC to study!”

Be smart: It’s too early to know how serious Trump is about this, as this was just one of six (and counting) morning tweets, but some quick thoughts (below the fold):

View the complete article here.