ASA Applauds Chairwoman Waters Urging SEC to Rescind 13F Proposal

Follows ASA letter strongly opposing regulatory rollback for hedge funds

WASHINGTON – The American Securities Association (ASA) today applauded House Financial Services Committee Chairwoman Maxine Waters for urging the Securities and Exchange Commission (SEC) to rescind a proposed rule limiting Form 13F reporting obligations for institutional investment managers.

“ASA applauds Chairwoman Waters for taking a stand against the SEC’s regulatory rollback for billionaire hedge fund managers that would reduce transparency in our capital markets and undermine investor confidence,” said ASA CEO Chris Iacovella. “We previously called on the SEC to rescind this deregulatory proposal and once again urge the Commission to refrain from enacting policies that will give hedge funds a green light to ruin public companies, destroy the lives of American workers, and further exacerbate income inequality.”

To read ASA’s letter strongly opposing the regulatory rollback for hedge funds, click here.

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