ASA Applauds SEC Reforms to Help Public Companies Conduct Registered Offerings and Simplify Reporting

WASHINGTON – The American Securities Association (ASA) today applauded the Securities and Exchange Commission's (SEC) proposal of two transformative rulemakings to modernize the registered offering framework and right-size reporting requirements to help more American companies go public and stay public.

"Chairman Atkins is tearing down the regulatory walls that have locked working families and retirement savers out of America's next great companies. Today's proposals begin to reverse the SEC's one-size-fits-all disclosure regime, refocus public company disclosure on materiality, and make it easier for American companies to go and stay public," said ASA President and CEO Chris Iacovella.

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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.