You Searched For "spac regulation" and got 20 results
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1 min read
Donald Trump's media company lays off some employees while waiting for regulators to approve SPAC merger, report says
The company behind Donald Trump's Truth Social has laid off around half a dozen staff, including se…
Kate Duffy
1 min read
Top SPAC issuer Citigroup will reportedly halt blank-check IPOs after the SEC signals tougher stance
The top SPAC underwriter of 2021 is pausing its SPAC deals amid new rules proposed by the SEC, Bloo…
Phil Rosen
1 min read
Goldman Sachs is exiting work on most SPACs because of liability concerns as regulators tighten guidelines, report says
The investment bank may change course if the SEC scales back its SPAC oversight guidelines, Bloombe…
Carla Mozée
2 mins read
SEC chief Gary Gensler says he's asked staff to propose tougher SPAC rules so that investors aren't sucked in by hype
"The investing public may not be getting like protections between traditional IPOs and SPACs," Secu…
Shalini Nagarajan
1 min read
The SEC is reportedly weighing stricter rules to rein in the wild projections made by SPACs as the blank-check craze slows
The US regulator is considering new guidance to curb growth projections made by listed special-purp…
Emily Graffeo
3 mins read
'SPAC King' Chamath Palihapitiya says blank-check companies need more oversight and regulation
"It is time to improve the regulations around the SPAC ecosystem with clear and rigorously enforced…
Will Daniel
1 min read
Trump lashed out at the SEC for investigating his new social-media company, alleging the regulator is biased
Trump claimed to be the victim of a witch hunt and said that without his media company, the country…
Tom Porter
2 mins read
The SPAC tied to Trump's Truth Social surges 11% after the former president is formally indicted
Since the indictment was revealed Thursday afternoon, Trump posted more than 40 times to his Truth …
Matthew Fox
1 min read
SEC official warns on red-hot SPAC market and says the blank-check firms have significant and undiscovered issues
An SEC official warned about the rapid growth in SPAC deals and said the surge is raising questions…
Carla Mozée
2 mins read
Elon Musk says the SEC is sometimes too close to Wall Street hedge funds - and it's strange the regulator isn't clamping down more on some SPACs
Around $100 billion has already been raised across US SPACs so far this year, surpassing last year'…
Shalini Nagarajan
1 min read
The SEC is looking into Wall Street's SPAC craze and is seeking voluntary information from market participants, report says
The fact that Wall Street banks received requests from the SEC enforcement division indicates this …
Shalini Nagarajan
3 mins read
Wall Street: SPACs gone bad
In today's 10 Things on Wall Street: A tale of hubris. Recent happenings at companies like SeatGeek…
Aaron Weinman
2 mins read
Billionaire investor Barry Sternlicht says the SPAC market is 'out of control' and Wall Street won't regulate because they are making too much money
Billionaire investors and SPAC sponsor Barry Sternlicht said the market for the blank-check firms i…
Will Daniel
1 min read
SPAC returns don't warrant the 'hype' they're getting, SEC Chair says
The acting SEC chair also said that the agency is going to closely look at "the structural and the …
Isabelle Lee
2 mins read
'Crypto is dead in America' as US regulators target the sector for threatening the establishment, Chamath Palihapitiya says
"Now you had Gensler even blaming the banking crisis on crypto. So, the United States authorities h…
Filip De Mott
2 mins read
The SEC is taking aim at SPACs with proposed rules to make disclosures more like those in a traditional IPO
The watchdog's proposal calls for more disclosures around conflicts of interest between sponsors an…
Shalini Nagarajan
2 mins read
Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC
The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors sou…
Theron Mohamed
2 mins read
Shares of a SPAC linked to Trump's Truth Social which had risen sharply last week — are down 8% after the former president's arrest
This is a sharp reversal from Friday when Digital World's share prices soared 11%, after Trump's fo…
Huileng Tan
3 mins read
SPACs are booming 'at the expense of retail investors', and regulators should take these 5 steps to fix the market, think tanks say
SPACs are "fueled by conflicts of interest and compensation to corporate insiders at the expense of…
Isabelle Lee
2 mins read
SoFi overtakes GameStop as WallStreetBets' most talked about stock after getting the go-ahead to launch a bank
The fintech company's shares are soaring after it cleared the final regulatory hurdle to become a b…