Press Release: SEC’s Agenda Can Bolster Economic Growth on Main Street

WASHINGTON – The American Securities Association (ASA) today commended Securities and Exchange Commission (SEC) Chairman Clayton following his testimony at the Senate Banking Committee and called the Commission’s upcoming regulatory and policy agenda an opportunity to bolster economic growth on Main Street.

“We thank Chairman Clayton for his leadership in 2018 to expand opportunity on Main Street, help America’s retail investors prosper, and modernize regulations to empower regional financial companies to better serve our clients’ financial goals,” said ASA CEO Chris Iacovella. “We are encouraged by today’s testimony and look forward to working with the SEC in the coming months to finalize Regulation Best Interest, expand small business capital formation, tailor the Consolidated Audit Trail (CAT) to protect American investors’ sensitive personal information and privacy, and reform the proxy advisory process.”

“Congress can immediately deliver a win for Main Street by passing the bipartisan JOBS 3.0 bill before the end of the year.”

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ASA’s regional financial services companies work in communities across the country to create jobs, grow the economy, and increase prosperity for all Americans. The ASA exclusively represents the capital market and private client interests of its members and seeks to promote free market principles making it easier to access financial advice and capital. ASA members help Americans save for retirement, provide Main Street businesses with capital to grow, and advise hardworking Americans how to create and preserve wealth. For the latest updates follow @AmerSecurities and learn more at http://amersecurities.wpengine.com/.