Strong trader consensus against removal, with "No" at 83.5%, stems from record opposition to the SEC's May 2026 proposal allowing optional semiannual reporting via a new Form 10-S. The agency received over 200,000 public comments—mostly urging retention of mandatory quarterly 10-Q filings—while its Investor Advisory Committee recommended preserving the existing mandate due to risks of reduced transparency and capital allocation efficiency. Quarterly reporting has been standard since 1970, and concerns over potential disclosure gaps and insider trading have weighed on adoption prospects despite support from Chairman Paul Atkins and the administration. Key upcoming catalysts include SEC staff review of comments and any final rule, though no adoption timeline or modifications have been announced.