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Topic
  • News
  • April 8, 2021

SEC to Wall Street: SPACs aren’t a way around securities laws

Claims that promoters face less legal liability than a traditional public offering are “uncertain at best,” a top SEC official said in a statement.

Topic

Financial advisers are steering clients away from SPACs

Special purpose acquisition companies are leveraging celebrity endorsements to drive investor demand, while financial advisers struggle to protect clients from risk.