Press Release: ASA Applauds Introduction of Warner/Kennedy Financial Recovery Bill to Hold Bad Actors Accountable

WASHINGTON – The American Securities Association (ASA) today applauded the introduction of a bipartisan bill sponsored by Senator Mark Warner (D-VA) and Senator John Kennedy (R-LA) that would enable the U.S. Securities and Exchange Commission (SEC) to more easily recover funds from bad actors who defraud Main Street investors.

“This common sense bipartisan bill will help the SEC recover more funds for Main Street retail investors and retirement savers who are defrauded by bad actors who don’t belong in our industry,” said ASA CEO Chris Iacovella. “We thank Sens. Warner and Kennedy for their leadership and look forward to working together to advance this much-needed investor protection bill to the President’s desk.”