American Society of Appraisers Urges Rejection of Labor Department Proposed Rule

American Society of Appraisers Urges Rejection of Labor Department Proposed Rule In a comment letter to the Department of Labor, the American Society of Appraisers (ASA) expressed its strong opposition to a proposed rule that would impose fiduciary status, including personal legal liability, on appraisers who perform valuations for federally-regulated employee stock ownership plans (ESOPs). The National Association of Independent Appraisers (NAIFA) joined ASA on the letter. Herndon, VA (PRWEB) February 4, 2011 In its letter, ASA stated that while it shared the Department’s interest in s
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