4 ms·
SPACs are done. SEC is finalizing rules on the topic and have been for more than a year now. there's a reason you don't hear about them anymore.
by MAGZine 3y ago
SPACs are done. SEC is finalizing rules on the topic and have been for more than a year now. there's a reason you don't hear about them anymore.
- renegade-otter 3y agoYes, they are. I am just a 401K investor, and when I learned about SPACs, I went "wait WHAT?". You do not need to be an investment prodigy to know how this was going to go - a tsunami of fraud, a few walk away with riches and the investors get screwed. The people who bought SPAC de-regulation knew what they were doing, and the corrupt revolving door that is the SEC was in on it.