Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Sen. Elizabeth Warren calls on SEC to investigate Trump SPAC deal

by
November 18, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Baidu’s robotaxis don’t need any human staff in these parts of China

My wife and I have $750,000 in savings and earn over $144,000 a year. Can we afford to spend $5,000 per month on housing?

Sen. Elizabeth Warren, D-Mass., conducts a news conference in the Capitol, March 1, 2021.

Tom Williams | CQ-Roll Call, Inc. | Getty Images

Sen. Elizabeth Warren on Thursday asked the Securities and Exchange Commission to investigate a planned SPAC deal involving former President Donald Trump‘s planned social media platform.

Warren, a Massachusetts Democrat, in a letter to SEC Chairman Gary Gensler noted recent news reports that Digital World Acquisition Corp., which last month announced plans to merge with Trump’s new company, “may have committed securities violations by holding private and undisclosed discussions about the merger as early as May 2021, while omitting this information [SEC) filing and other public statements.”

Warren also wrote, “The reports about DWAC and Trump Media and Technology Group7 appear to be a textbook example of a SPAC misleading shareholders and the public about materially important
information.”

Her letter cited an Oct. 29 article in The New York Times, which carried the headline, “Trump’s $300 Million SPAC Deal May Have Skirted Securities Laws.”

The SEC did not immediately respond to CNBC’s request for comment.

Special purpose acquisition companies such as DWAC are created to raise capital in public equity markets with the goal of purchasing or merging with private firms.

Trump Media & Technology Group last month said it had entered into a merger agreement with DWAC that would end with Trump’s company becoming a publicly listed company, subject to regulatory and stockholder approval.”

Trump at the same time said he would roll out a platform called “TRUTH Social,” which he claimed will “stand up to the tyranny of Big Tech.”

The Republican ex-president was banned by social media giants Twitter and Facebook earlier this year after accusations he incited the Jan. 6 Capitol riot by his supporters.

– Additional reporting by CNBC’s Thomas Franck

This is breaking news. Please check back for updates.

ShareTweetPin

Related Posts

Baidu’s robotaxis don’t need any human staff in these parts of China

by
August 8, 2022
0

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu...

My wife and I have $750,000 in savings and earn over $144,000 a year. Can we afford to spend $5,000 per month on housing?

by
August 8, 2022
0

Dear MarketWatch, Financial advisers recommend spending no more than 30% of take-home pay on housing. I have always lived by...

Apple: Is Advertising the Next Big Revenue Generator? Analyst Weighs In

by
August 8, 2022
0

',panelEmptyTemplate=' {emptyPanelMsg} ',panelErrorTemplate=' {errorMsg} ',panelParentTemplate='',notifOnboardPromoTemplate='',EXPANDED_PANEL="expanded_panel",ERROR_PANEL="error_panel",NotificationView=function(){function e(n,t){classCallCheck(this,e);var i=this;i._config=n,i._panelNode=null,i._store=t}return createClass(e,[{key:"_generatePanelMarkup",value:function(e,n){var t=this._config,i=void 0,o=void 0;"undefined"!=typeof window&&(i=window.Notification&&"default"===window.Notification.permission,o=t.promos.bypassEligibleClassCheck||hasClass(document.body,t.promos.eligibleBodyClass));var r=t.promos.enableNotifOnboard&&i&&o?notifOnboardPromoTemplate:"";if(r){var s=t.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",t.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",t.promos.notifOnboardMsg).replace("{subscriptionTopic}",t.promos.subscriptionTopic).replace("{noLogoClass}",s).replace("{promoLogo}",t.promos.promoLogo)}var a=n.newCount>t.panel.maxCount?n.newCount:"",c=t.panel.notificationCenterPath,l=c?"":constants.panelHideElement,d=t.panel.headerMsg?"":" "+constants.panelHideElement,u=c?constants.panelPaddingBtm:"",p=void 0;n.count?p=n.markup:p=panelEmptyTemplate.replace("{emptyPanelMsg}",t.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",u).replace("{headerMsg}",t.panel.headerMsg).replace("{hideHeaderClass}",d).replace(/{notificationCenterNavMsg}/g,t.panel.notificationCenterNavMsg).replace(/{newCount}/g,a)}},{key:"render",value:function(e,n){var t=this;if(t._panelNode){var i=void...

BlackRock: The era of steady growth has ended, but here’s how investors can prepare for it

by
August 8, 2022
0

BlackRock says world markets have become more volatile, and they're going to stay that way for a while. The world's...

Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall

by
August 8, 2022
0

In this article 7974.T-JP 6758.T-JP MSFT A gamer plays on Sony's Playstation 5 console at his home in Seoul. Yelim...

Next Post

Record selling by insiders is setting up stocks for a big fall, says contrarian investor

Barclays initiates coverage of Tilray, Cronos and Canopy Growth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Allbirds stock has plunged 50% in two months, now one top analyst says buy it

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com