ASA Applauds Trump EO to Open 401(k) Investment Options

WASHINGTON – The American Securities Association (ASA) today applauded the Trump administration for signing an executive order to increase choices for investors in 401(k) plans.

"ASA applauds President Trump for directing the Department of Labor to expand investment opportunities for American retirement savers and retirees," said ASA President and CEO Chris Iacovella. "To further expand economic opportunity and individual wealth creation, retirement savers who have 401(k) plans should also have the ability to purchase shares in an Initial Public Offering. We look forward to working with the Trump administration to make this logical step a reality."

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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.