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ASA Statement on SEC Adoption of Share Repurchase Disclosure Proposal

The American Securities Association released the following statement after the Securities and Exchange Commission (SEC) today approved a Share Repurchase Disclosure Modernization proposal during its Open Meeting on May 3, 2023. “Stock buybacks benefit America’s mom and pop investors by returning money to the people who own the company.” ASA CEO Chris Iacovella said. “These decisions are thoroughly vetted to ensure they are in the long-term best interest of shareholders. Unfortunately, the SEC adopted rules today that are part of a broader Washington political agenda that seeks to assert control over investor capital.”| American Securities Association


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