U.S. financial firms push back on SEC bid to rein-in blank check company deals
Written by Black Hot Fire Network on June 14, 2022
WASHINGTON, June 14 (Reuters) - U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies or SPACs, arguing it could kill the industry.
The American Securities Association (ASA), the SPAC Association and the CFA Institute are among groups warning that the SEC's proposed March rule would create too much liability for parties involved . . .
