The CFA Institute is taking a closer look at SPACs, Pensions & Investments reports.
The global association of investment professionals created a working group to address the recent surge in SPACs and to see what changes might be needed in the areas of investor protection, corporate governance and market integrity.
Regulators in the U.S. and elsewhere have already signaled increased scrutiny of the SPAC structure and related disclosure issues, and “we want to make sure the issues of investor protection and market fairness are fully examined,” said Margaret Franklin, president and CEO of the CFA Institute, in a statement. Read more.
