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markets policy

SEC Official Warns of SPAC Disclosure Issues

By
Martin Peers
· · Source: The Information

SPACs don’t give anyone “a free pass” for exaggerating or leaving out key details about a company’s financial position or prospects, an SEC official said on Thursday, in a long statement about the risks involved with SPACs that was posted on the regulator’s web site. John Coates, the acting director of the SEC’s division of corporate finance, appeared to rebut the idea that one reason SPACs...

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