SEC launches inquiry into SPAC IPO frenzy - reports
Letter sent to Wall Street banks
The SEC is asking for information to be provided voluntarily
The US Securities and Exchange Commission (SEC) has opened an investigation into the frenzy of special purpose acquisition companies (SPACs) IPOs on Wall Street, amid concerns about the risks involved.
According to an exclusive report by Reuters, which quotes four people familiar with the situation, the US regulator has written letters to Wall Street banks requesting information on how they are managing...
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