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On March 31, 2021, the Securities and Exchange Commission (SEC)
provided public statements from Acting Chief Accountant Paul Munter and from
the Division of Corporation Finance addressing
Special Purpose Acquisition Companies (SPACs). Although each of the
statements were distinct and addressed different issues, the
primary focus of both was to raise awareness of critical
accounting, financial reporting and governance considerations that
a private operating company should carefully consider and address
prior to consummating a business combination with a SPAC.
SPACs are shell companies that raise capital through an initial
Today is Monday, April 12, and here are five things to know in Montgomery County.
1.
Council Media Briefing: Council President Tom Hucker and Congressman Anthony Brown will hold a media briefing today at 11:30 a.m. to discuss Montgomery County’s infrastructure and transportation priorities, followed by a discussion of the Council’s ongoing review of the County’s Fiscal Year 2022 Operating Budget.
2.
Investing for Women: The libraries are hosting a series of virtual discussions with Suzanne McGovern, from the SEC’s Office of Investor Education. Topics include things you should know before investing, how to mitigate risk, investment products, how to choose an investment professional and special challenges to consider for women investors. Today’s webinar starts at 2 p.m.
Monday, April 5, 2021
Not far behind the dramatic increase in the use of special purpose acquisition companies (SPACs) is a corresponding increase in the number of shareholder lawsuits and increased activity at the US Securities and Exchange Commission (SEC). In recent days, Reuters reported that the SEC opened an inquiry seeking information on how underwriters are managing the risks involved in SPACs,
[i] and the SEC’s Division of Corporation Finance (Corp Fin) and acting chief accountant have issued two separate public statements on certain accounting, financial reporting and governance issues that should be considered in connection with SPAC-related mergers.
[ii] This increase in activity by SEC staff comes on the heels of nearly two dozen federal securities class action filings, several SEC investor alerts and earlier guidance from Corp Fin.
SPAC Transaction Explosion Drives SEC Enforcement Focus - Corporate/Commercial Law mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
SEC Promotes Investor Awareness During National Financial Capability Month Date
05/04/2021
The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) is embracing National Financial Capability Month as an opportunity to encourage all investors, especially first-timers or those relatively new to investing, to take the time to visit Investor.gov and utilize an array of resources to help them get acclimated.
“It’s great to see new investors participating in our capital markets, and it’s important to make sure they’re armed with the tools they need to make wise investment decisions,” said SEC Acting Chair Allison Herren Lee. “Identifying financial goals and creating a plan for the long term will help investors build a strong financial future.”