SPACs

Broker-dealer received underwriting compensation that was "unreasonably and inaccurately described in the offering documents an to FINRA"

The statements in paragraphs 19 through 22 were materially misleading, given that Cantor personnel had already had substantive discussions on behalf of CFAC II with ...

"When charging SPACs with disclosure violations, the Commission should be mindful of the unique nature of SPACs and how they differ from operating companies"

The last two years have seen the SEC adopt rules providing investors with disclosures on emerging risks like climate control, cybersecurity and SPACs

"Any discussion about the definition of an accredited investor raises the question about when it may be appropriate to have exceptions to this basic bargain ...

These new SEC final rules would require a minimum dissemination period for the distribution of security holder communication materials in connection with de-SPAC transactions, along ...

New York-based firm was charged by the SEC for not adequately disclosing pre-IPO discussions with a potential acquisition target

Peirce decries 'fancy legal footwork' behind new guidance

"Today’s reforms improve disclosures about how SPAC shares may be diluted. This will provide investors with better information to evaluate the merits of de-SPAC transactions"

"The Commission lacks statutory authority to outright ban making investments in SPACs or becoming a reporting company via a de-SPAC transaction. Instead, it has resorted ...