Overview
What is Aba Securities Association?
Aba Securities Association is a nonprofit organization, acting as a subsidiary of the American Bankers Association, based in Washington D.C. Their primary mission is to advocate for banks involved in securities underwriting and dealing, including proprietary mutual funds and derivatives, before both Congress and federal governments. They support their members, which are predominantly large financial institutions, by providing research, education, compliance assistance, and networking opportunities through 'peer group' events. In essence, Aba Securities Association serves as a powerful voice for banks in the complex world of securities trading, ensuring their interests are represented and protected.
Is Aba Securities Association legitimate?
Aba Securities Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Aba Securities Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Executive Compensation: $240,531
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What is the mission statement of Aba Securities Association?
The Aba Securities Association, a non-profit subsidiary of the American Bankers Association, serves as a representative body for banks involved in securities, mutual funds, and derivatives. Its mission is to advocate for the interests of these financial institutions before Congress and the federal government. The association primarily represents large financial institutions with substantial capital markets businesses. The Aba Securities Association aims to influence policies and regulations that impact the securities industry, thereby fostering a conducive environment for its member banks.
Who is the CEO of Aba Securities Association?
Justin Underwood is the Principal Officer of Aba Securities Association.
What is the revenue of Aba Securities Association?
Aba Securities Association's revenue in 2022 was $414,000.
Who are the executives of Aba Securities Association and what are their salaries?
There 19 volunteers at Aba Securities Association.
Here are 21 key members and their salaries:
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- Other: $88,867
Where can I find the form 990 for Aba Securities Association?
Aba Securities Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aba Securities Association
The Aba Securities Association, a separately chartered trade association and non-profit subsidiary of the American Bankers Association, serves a distinct purpose. Its mission is to advocate for the interests of financial institutions that underwrite and deal in securities, proprietary mutual funds, and derivatives. Aba Securities Association represents these significant players in the capital markets sector before Congress and the federal government. Members of this organization are prominent financial institutions with substantial capital markets businesses.
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Impact
October, 2024
Aba Securities Association plays a crucial role in representing the interests of banks involved in underwriting and dealing with securities, proprietary mutual funds, and derivatives. By acting as a liaison between these financial institutions and government bodies, both at the federal and state levels, the Association ensures that the unique challenges and needs of banks in the capital markets are addressed.
Through its advocacy, Aba Securities Association influences legislation and regulatory policies that impact the banking and securities sectors. This representation helps to create a more favorable operating environment for member banks, particularly those with substantial capital markets businesses.
Additionally, the Association supports its members by providing valuable resources such as research, education, and compliance assistance. These offerings help financial institutions navigate complex regulatory landscapes, enhance their operational capabilities, and stay informed about industry trends and best practices. The opportunity for peer group interactions fosters collaboration and knowledge-sharing among members, further strengthening the banking community.
The impact of Aba Securities Association ultimately translates into a more robust financial sector, benefiting not only its members but also the broader economy through enhanced stability and confidence in banking operations related to securities.
This information is meant to be a general summary of Aba Securities Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $414,000
- Gross Receipts: $414,000
Assets and Liabilities:
- Total Assets: $13,000
- Total Liabilities: $3,849,043
- Net Assets: -$3,836,043
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$414,000
Organization Details
Founding Year
1995
Phone
(202) 663-5054Principal Officer
Justin Underwood
Main Address
1333 NEW HAMPSHIRE NW, WASHINGTON, DC, 20036
NTEE Category
Code: S41 - Community improvement
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