SPACs

FINRA provides an update on targeted exam sweep to review broker-dealers' offering of, and services provided to, SPACs and their affiliates

Changes haven't been linear, but the direction has

The SEC charged that Monroe Capital invested assets of private funds it advised in certain transactions that helped finance SPAC business combinations without timely disclosure ...

Monroe Capital personnel became involved in multiple SPACs for which certain of Monroe Capital’s supervised persons co-owned the sponsoring entities, but Monroe Capital lacked policies ...

Firm was late in disclosing conflicts, SEC claims

Examiners, enforcers focused on conflicts, disclosures, experts warn

Perceptive omitted to disclose that Perceptive personnel shared ownership of the SPAC sponsors

Sen. Warren would like to see the SEC "continue pushing against the fundamentally misaligned incentives for shareholders" in the SPACs space

Gatekeeper provisions earn industry ire

'Either way,' Chairman says, 'we need to hear from you...'