About: http://data.cimple.eu/news-article/31e285a132d30657ff15517da9f8afaa44d64e6320129680106083b1

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/31e285a132d30657ff15517da9f8afaa44d64e6320129680106083b1 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Architects of an increasingly popular technique to take companies public will not get a "free pass" if they mislead investors, US securities regulators warned Thursday. The Securities and Exchange Commission (SEC), weighing in on a flood of deals involving special purpose acquisition companies (SPACs), issued a directive saying it is scrutinizing the deals following concerns over "baseless hype," celebrity sponsorships and other issues. The deals have taken off over in the last year, with market participants saying they are faster to execute than traditional sales known as initial public offerings or IPOs. SPACs have also gotten momentum from their association with prominent figures such as basketball star Shaquille O'Neal and former Trump White House economic advisory Larry Kudlow. "Staff are reviewing these filings, seeking clearer disclosure, and providing guidance to registrants and the public," said John Coates, acting director of the SECs division of corporate finance. The agency dismissed claims from some commentators that SPACs have less legal liability than a conventional initial public offering (IPO). "De-SPAC transactions give no one a free pass for material misstatements or omissions as they are subject to both The Securities Act and The Exchange Act, and may also give rise to liability under state law," the agency said. Last month, the SEC explicitly warned investors against supporting SPACs solely because of celebrity backing, saying "it is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment." The agency in recent years also has cracked down on a burst of deals involving crypto-currencies hyped by celebrities and which tried to skirt securities rules by purporting to be investments in new companies or "initial coin offerings." jmb/hs
schema:headline	US securities regulator: No 'free pass' for popular SPACs
schema:mentions	Shaquille O'Neal Initial public offering U.S. Securities and Exchange Commission Cryptocurrency Basketball Donald Trump Initial coin offering Securities regulation in the United States Corporate finance John H. Coates Executive Office of the President of the United States Larry Kudlow Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	92 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software