Financial industry groups in the United States are attempting to weaken a draft Securities and Exchange Commission (SEC) rule aimed at reining in special purpose acquisition companies, or SPACs, claiming it will kill the industry. The American Securities Association (ASA), the SPAC Association, and the CFA Institute are among the organizations warning that the SEC’s… Continue reading U.S. Financial Firms Push Back on SEC Bid to Rein-In SPACs
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