NYSE President Stacey Cunningham said SPACs can expect increased regulation and calls for transparency amid heightened scrutiny from the SEC, Bloomberg reports.
“It makes a lot of sense for the SEC to look at whether or not there are additional protections and additional disclosures that might be appropriate in this market,” Cunningham said in a Bloomberg Television interview. “It’s going to be really important that SPACs are providing information and transparency into how they’re structured so investors have that visibility.” Read more.
