The Equity Dealers of America write Speaker Ryan and Leader Pelosi to urge the U.S. House of Representatives to take up and pass H.J. Res. 88, ‘Disapproving the rule submitted by the Department of Labor relating the definition of the term “Fiduciary”‘. Click here, to read the letter.
EDA Says DOL Rule is confusing, complicated, and costly Washington, D.C.—The Chief Executive Officer of the Equity Dealers of America, Chris Iacovella, released the following statement today in the wake of Congressional action aimed at blocking the Department of Labor’s new Fiduciary Rule. “The EDA strongly supports the Senate and House resolutions to block the DOL fiduciary rule. This rule confuses investors, interferes with individual investment decisions, and taxes the retirement dollars of hardworking Americans, and we applaud Congress for… read more →
EDA Says Incentivizing Small and Mid-Cap Company Research is Essential Washington, D.C.—The Chief Executive Officer of the Equity Dealers of America, Chris Iacovella, released the following statement today about the House Financial Services Committee, Subcommittee on Capital Markets and GSEs Hearing “JOBS Act at Four: Examining Its Impact and Proposals to Further Enhance Capital Formation.” “We strongly believe that the committee can further enhance the equity capital formation process by focusing on solutions that will increase the amount of equity… read more →
EDA Says DOL Rule Misses the Mark on Consumer Protection Washington, D.C.—The Chief Executive Officer of the Equity Dealers of America, Chris Iacovella, released the following statement today after the Department of Labor issued its new Fiduciary Standard rule. “We believe it’s time for Congress to use the Congressional Review Act to subject the DOL fiduciary rule to its scrutiny. Giving Congress the ability to question a major rule that impacts Americans in every corner of this country, is exactly… read more →
Washington, D.C.—The American Securities Association (ASA) has been formed to advance the business, market, regulatory and legislative interests of American middle-market and regional investment banks and securities dealers. The ASA will operate as an umbrella organization for the Bond Dealers of America (BDA), which for more than eight years has represented the unique interests of fixed income firms, and for the newly launched Equity Dealers of America (EDA), distinctly focused on equity-specific matters. This organizational structure is designed to provide… read more →