Elizabeth Warren calls for SEC to investigate Trump SPAC

Elizabeth Warren calls for SEC to investigate Trump SPAC

Sen. Elizabeth Warren is calling for the Securities and Exchange Commission to investigate the planned deal between former President Trump’s new media company and a special-purpose acquisition company, or SPAC.

She is alleging the tie-up could “run afoul of SEC rules.”

Digital World Acquisition Corp. plans to take Trump Media and Technology Group public, it announced last month, through the SPAC deal.

Trending: “Sudden Deaths” Begin to Emerge in 5-11 Age Bracket After EUA Granted For Experimental COVID-19 Injections

On Thursday, Warren sent SEC Chair Gary Gensler a letter, calling for him to look at whether Digital World officials and Trump “may have committed securities violations by holding private and undisclosed discussions about the merger as early as May 2021, while omitting this information in U.S. Securities and Exchange Commission (SEC) filing and other public statements.”

SPACs, or special-purpose

Continue reading

You Might Like


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend