ASA Applauds SEC Greenlighting Auto Voting for Retail Investors

WASHINGTON – The American Securities Association (ASA) today applauded the Securities and Exchange Commission (SEC) for greenlighting a plan to allow auto voting for retail investors.

"ASA applauds Chairman Atkins and the SEC for modernizing the proxy process by prioritizing the interests of America's working families, savers, and retirees over Wall Street proxy advisors and special interest political groups," said ASA President and CEO Chris Iacovella. "Moving forward, this new voting tool will improve the corporate governance process for every American shareholder and the public companies they invest in."

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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.