• ASA Newsroom

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.



###




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://americansecurities.org/.

©2019 American Securities Association. All rights reserved.

1455 Pennsylvania Ave. NW  |   Suite 400   |   Washington, D.C.   |   20004   |    (202) 621-1784
  • Facebook - White Circle
  • Twitter - White Circle
  • LinkedIn - White Circle
  • YouTube - White Circle