Print this page
Thursday, 13 January 2022 17:29

SEC Might Shut Down Trump Era Vestige

Written by
Rate this item
(4 votes)

Former President Donald Trump wasn’t quiet about his opposition to traditional media outlets and big tech, and in an attempt to solidify that stance he tried to form his own SPAC. However, Biden’s regulatory watchdog and SEC chairman Gary Gensler may be cracking down on the newly forming SPAC. Trump’s SPAC is being backed by some Chinese investors who are drawing the regulator’s eyes. Additionally, Gensler has made it known his opposition to SPAC’s as a financial vehicle regardless. The SEC will be doing more research into Trump’s SPAC and it will face an uphill battle to get approval.


FINSUM: In a wider setting SPACs are still an interesting alternative, but Trump’s history and investors make this particular SPAC riskier.

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…