Lack of oversight and scrutiny creates opportunity for fraud and heightened risk for investors in any investment. The SEC is sounding the alarm as it relates to SPACs, writes a guest columnist for Reuters’ Breaking Views. But long-term sustainability of the SPAC market will rely on creating a comprehensive risk management framework – and clear regulatory guidelines – with stronger controls and safeguards, that ensure companies going public via SPACs have the same scrutiny as companies going public via traditional IPO. Until that happens, SPAC investors face several main risks. These include material misstatements, inadequate management due diligence, and inaccurate reporting. Read more.
SPAC Investors Face Six Key Risks: Report
