- Warren’s bill would also close “loopholes that SPACs have long exploited to make overblown projections,” according to statement
- “This industry is rife with fraud, self-dealing, and inflated fees, and the SEC and Congress should continue to act to crack down on these abuses,” Warren says
- NOTE: SEC
proposed earlier this yearnew rules that includes curbing legal protections keeping special purpose acquisition companies from being sued by investors over embellished projections about the firms they take public
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