ASA Applauds President Trump Reining in Independent Agencies

WASHINGTON – The American Securities Association (ASA) today applauded President Trump’s action to rein in independent agencies, including the Securities and Exchange Commission (SEC), to make certain we have a government that answers to the American people. 

"We applaud the President for rightfully re-asserting the executive’s power over the SEC,” said ASA President and CEO Chris Iacovella. “Nowhere in the Constitution is an independent agency discussed, this was a Wilsonian creation that stripped power from the American people and vested it in a permanent managerial class of federal government employees. Bringing transparency and accountability back to the American people will help return our republic to its founding principles.”

###

The American Securities Association (ASA) represents the retail and institutional capital markets interests of regional financial services firms who provide Main Street businesses with access to capital and advise hardworking Americans how to create and preserve wealth. ASA’s mission is to promote trust and confidence among investors, facilitate capital formation, and support efficient and competitively balanced capital markets. This mission advances financial independence, stimulates job creation, and increases prosperity. The ASA has a geographically diverse membership of almost one hundred members that spans the Heartland, Southwest, Southeast, Atlantic, and Pacific Northwest regions of the United States.