U.S. SEC official warns Wall Street of risks associated with blank-check companies

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo

“We encourage stakeholders to consider the risks, complexities, and challenges related to SPAC mergers, including careful consideration of whether the target company has a clear, comprehensive plan to be prepared to be a public company,” he said in a statement. SPACs have surged globally to a record $170 billion this year, outstripping last year’s total of $157 billion, Refinitiv data showed.

U.S. SEC official warns Wall Street that they might start caring.

retweet

Can we go somewhere today?

Is this a buying moment?

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Wall Street frenzy over shell companies draws attention of SECThe shell companies that many private firms use to go public have been all the rage on Wall Street for more than a year. Now, just as their explosive growth shows signs of waning, they are coming under scrutiny from lawmakers and regulators. Like it's news that people hiding behind shell companies for decades
Fonte: politico - 🏆 381. / 59 Consulte Mais informação »