SEC Continues to Focus on SPAC Market

In recent years, the U.S. Securities and Exchange Commission () has had its eye on the special purpose acquisition company (SPAC) market — warning against putting money into SPACs, expressing skepticism about their performance, and taking affirmative steps to corral SPACs, including direct prosecution of investment firms. Now its gaze has turned upon a market gatekeeper.
Source: SEC Continues to Focus on SPAC Market