ASA: Revisiting SEC's Global Research Analyst Settlement Will Help Make IPOs Great Again

WASHINGTON – The American Securities Association (ASA) today applauded a statement from Securities and Exchange Commission (SEC) Commissioner Mark Uyeda announcing that the Commission is revisiting the Global Research Analyst Settlement.

“Chairman Atkins’ SEC revisiting the Global Settlement is another important step in the Commission’s broader effort to revitalize America's markets and make IPOs great again," said ASA President and CEO Chris Iacovella. "The overwhelming decline in research on small public companies over the last twenty years is directly tied to the unintended consequences of this settlement. ASA looks forward to working with the SEC as it continues to modernize its rulebook to expand capital formation and investment opportunities for America's small businesses, savers, and retirees."

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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.