Commission withdraws Egan-Jones and ISS No-action letters
Leadership team to drive and implement economic opportunity policy agenda
The ASA asked the Commission to adopt its suggested language and solutions to eliminate investor confusion and preserve both service models (i.e. advisory and brokerage).
The American Securities Association (ASA) supports House passage of the “JOBS Act and Investor Confidence Act of 2018” (JOBS Act 3.0). The ASA’s support is derived from the diversity of our membership, the different business models of our membership, and the deep experience our members have in helping small businesses access the U.S. capital markets.
The American Securities Association (ASA) welcomes the opportunity to comment on the Securities Exchange Commission’s (SEC or Commission) proposed Transaction Fee Pilot for NMS Securities (Pilot). The ASA’s comments set forth in this letter are derived from the diversity of our membership, the different business models of our membership, and the vast experience our members have transacting in the U.S. equity markets.
Wall Street brokers spent years fending off tough conflict of interest rules that were finally imposed on them at the end of Barack Obama’s presidency.