SEC's Public Docket Shows 23,786 Comments of 200,000-Plus Received on Quarterly Earnings Rule

The SEC says it received over 200,000 public comments on its proposal to let companies replace quarterly earnings reports with semiannual filings—a record. But the agency's public docket shows only 23,786 posted. The gap follows a confusion between "comment@sec.gov" and "comments@sec.gov." Reconciling it could delay the rule and invite legal challenges under the Administrative Procedure Act.