Sector Regulation Sector Regulation

US SPAC participants subject to fines for knowingly misleading statements, SEC official warns

By Neil Roland
  • 09 Apr 2021 16:04
  • 09 Apr 2021 16:23
Special Purpose Acquisition Company participants will be subject to penalties for making intentionally false or misleading statements, said John Coates, the US Securities and Exchange Commission’s acting corporation finance chief.

These suspect statements include disclosure of rosy projections alone, even those based on reasonable assumptions, if another less optimistic scenario, also arrived at

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