ASA Applauds Reopening of Government

WASHINGTON – The American Securities Association (ASA) today applauded the long-overdue reopening of the federal government and called on the Securities and Exchange Commission (SEC) to quickly process its backlog of Initial Public Offerings (IPOs).

"With the shutdown finally over, we look forward to working with Congress and the SEC to adopt policies that will stimulate economic activity and revitalize the IPO market," said ASA President and CEO Chris Iacovella.

Nearly a month ago, ASA urged Congress to reopen the government by passing a clean continuing resolution (CR). 

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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.