Investor skepticism and regulatory hurdles underpin the 83.5% market-implied odds against the SEC fully removing mandatory quarterly reporting. Despite the May 2026 proposal allowing optional semiannual filings on a new Form 10-S, the Investor Advisory Committee formally recommended against eliminating the quarterly mandate in June, citing risks to timely information and capital allocation efficiency. Record comment-period opposition, coupled with the absence of a final adopting release as of October 2026, has kept Form 10-Q obligations intact. Traders are pricing in the extended review process, potential modifications, and strong investor preference for frequent disclosures over the deregulatory push from the administration and Chairman Atkins.