timing is everything
The Barn Door Chronicles
Better late than never? The Securities and Exchange put the clamps on special purpose acquisition companies Thursday, approving new regulations designed to enhance disclosure requirements and discourage conflicts of interest, eliminating the so-called regulatory arbitrage which allowed companies coming public via merger with those blank check firms to issue sunny operating forecasts to investors without the legal liabilities associated with conventional IPOs.
“Just because a company uses an alternative method to go public does not mean that its investors are any less deserving of time-tested investor protections,” commented SEC chair Gary Gensler.
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anon is sure it has nothing to do with POTUS or DWAC