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SEC Continues To Educate Investors About SPAC Enforcement Risks - Corporate/Commercial Law


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Special purpose acquisition companies, or SPACs, have quickly
become a part of the Wall Street vernacular, but until recently,
they were rare. In fact, the New York Stock Exchange went 10 years
without listing a SPAC until 2017. The last year, however, saw a
dramatic rise in their use, both in number and in profile. In 2020
alone, 248 public offerings occurred by way of a SPAC, representing
77 percent of all initial public offerings (IPOs) during that year.
They raised more than $82 billion in capital in 2020 more
than the last 10 years combined and were responsible for ....

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Sprout Names Laura C. LaRaia Executive Vice President, General Counsel, and Chief Compliance Officer


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EAST MEADOW, N.Y., April 12, 2021 /PRNewswire/ Sprout Mortgage, the innovative force in non-QM residential lending, announced today the appointment of Laura C. LaRaia to Executive Vice President, General Counsel, and Chief Compliance Officer, effective immediately.
We welcome Laura to the Sprout leadership team to continue our strong growth trajectory and reinforce Sprout s position as the go-to source for non-QM residential lending nationwide, said Michael Strauss, CEO of Sprout Mortgage.
We are thrilled and excited that Laura is joining us, said Shea Pallante, President of Sprout Mortgage.  We believe Laura s addition shows we are attracting some of the top talent nationwide, which will better allow us to serve our clients, said Mr. Pallante.  ....

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