WebSep 27, 2024 · SPACs are shell companies that raise cash from the public through what I call “blank-check IPOs.” They generally have two years to find and merge with a target company. SPAC sponsors generally receive 20 percent of shares of ownership up front — but only if they actually do a deal later. WebApr 13, 2024 · The Securities and Exchange Commission (SEC or Commission) Chair Gary Gensler has signaled his desire to have the SEC propose rules in April 2024 to increase its scrutiny of special purpose acquisition companies (SPACs) and private companies that go public through de-SPAC transactions.
Gensler Warns Executives Against Using SPACs to Shirk U.S. Rules
WebMay 12, 2024 · SEC Chair Gary Gensler’s beef with SPACs — one I share — is that they’re a form of regulatory arbitrage. He wants investors to enjoy the same protections … WebJun 13, 2024 · The SEC did not explicitly identify crypto as a target for upcoming regulation. However, read between the lines for several opportunities. harry potter musical melbourne 2022
SEC Chair Gary Gensler’s Rulemaking Priorities Emerge
WebAug 11, 2024 · Chairman Gensler reported that the SEC is considering additional rules and guidance, and that multiple SEC divisions are closely monitoring SPACs to ensure the protection of investors. There was little doubt that the Enforcement Division would also be focused on SPACs. WebSep 14, 2024 · Gensler takes the hot seat The S.E.C. chair Gary Gensler will testify before the Senate Banking Committee today, after five months on the job. Since his confirmation, his public statements... WebMar 30, 2024 · The popularity of special purpose acquisition companies, or SPACs, has surged over the last couple of years. SEC Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban... harry potter musical inhalt