ASA Applauds Trump EO on Foreign-Owned Proxy Advisors

WASHINGTON – The American Securities Association (ASA) today applauded an executive order from President Trump to end the costs professional activists and foreign-owned proxy advisors impose on American investors.

“ASA applauds President Trump’s executive order to end the costs the cartel of professional activists and foreign-owned proxy advisors—in concert with Wall Street—have imposed on America’s working families, savers, and retirees,” said ASA President and CEO Chris Iacovella. “We look forward to continuing to work with the administration to end the politicization of our capital markets.”

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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.