ASA Statement on SEC's Private Markets Roundtable

WASHINGTON – The American Securities Association (ASA) today released the following statement from President and CEO Chris Iacovella ahead of the Securities and Exchange Commission's (SEC) private markets roundtable:

"ASA commends SEC Chairman Atkins for holding a roundtable to examine the explosive growth of the private markets. We look forward to continuing our work with the SEC and Congress to ensure the right regulatory balance between public and private markets exists, compliance burdens on public companies are removed, and that more small American companies can raise capital to create jobs and allow every American investor to participate in that growth."

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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.