Regulation
Proposed SEC Rules Look to Shed Light on Opaque SPAC Deals
Regulator aims to protect vulnerable investors from being left holding the bag after insiders have ‘cashed out.’
The regulator gave $564 million to 108 tipsters, while distributing $521 million to harmed investors.
The regulator says it is ‘intently focused on SPAC merger transactions.’
The craze for the blank check outfits might have dwindled, due to the SEC, but they’re still a good investing choice, our symposium panelists say.