SEC Chair Gary Gensler laid out a laundry list of concerns over SPACs, delivering his strongest signal yet that he’ll push for much tougher rules for blank-check firms, Bloomberg reports.
Gensler, who’s repeatedly raised issues with SPACs since taking over in April, gave a road map today for areas where the SEC may need to step up regulation. He said he’s concerned that retail investors putting money in a firm taken public by merging with a blank-check company may be at a disadvantage compared with backing a traditional IPO. Read more.
