• okwhateverdude@lemmy.world
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    4 days ago

    What could possibly go wrong with getting rid of the one check that helps prevent widespread investment fraud? 🙄🙄🙄🙄

    • bus_factor@lemmy.world
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      4 days ago

      They’re suggesting switching it to 6 months, not removing it completely. I can’t speak for other countries, but in Norway it happens annually, and I highly doubt Norway has more investment fraud than the US.

      I think this might actually be a good thing. C-suite only caring about short-term profits to look good for the next quarterly report causes a lot of short-sighted decisions.