Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Elizabeth Warren Seeks SEC Probe Into How Trump Landed SPAC Deal

by
November 20, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

(Bloomberg) — Donald Trump’s bid to recapture his social media presence is facing scrutiny from Senator Elizabeth Warren over reports that the blank-check company merger the former president used to raise millions of dollars may have skirted securities rules.

Most Read from Bloomberg

RELATED POSTS

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

Is Tiller The Best Net Worth Tracker? The Rise of Digital Financial Management

Startup Fever Is Gripping the World’s Last Big Untapped Nation

A Denser City, But at What Cost?

An Oil Company Went Up in Flames, Burning Lenders and the Planet

Hong Kong’s New Museum Tries to Please Art World — and Beijing

Elizabeth Holmes Faces Last-Ditch Chance to Testify at Trial

Warren, a constant adversary of Trump’s when he occupied the White House, wants the Securities and Exchange Commission to investigate whether October’s merger between Trump Media and Technology Group and Digital World Acquisition Corp. was in the works long before the special purpose acquisition company sold shares.

The Massachusetts Democrat said she’s concerned that Digital World’s chief executive officer may have held talks with Trump months ago — discussions that weren’t disclosed to potential investors.

“DWAC’s failure to disclose these talks during the process appears to be an omission of material information necessary for both early institutional investors and retail investors in the SPAC’s public offering,” she said in a Wednesday letter to SEC Chair Gary Gensler.

Warren cited a New York Times report that Digital World had communicated with Trump’s firm as early as March, while stating in securities filings that the SPAC had no specific acquisition target in mind. SPACs like Digital World aren’t supposed to pursue deals until after they go public. The alleged omission enriched Digital World’s sponsors and Trump Media, while “trapping retail investors in a stock bubble,” Warren said in an accompanying statement.

An SEC spokesperson declined to comment. Spokespeople for Trump Media and Digital World didn’t immediately respond to requests for comment.

Most Read from Bloomberg Businessweek

How Child Care Became the Most Broken Business in America

Boeing Built an Unsafe Plane, and Blamed the Pilots When It Crashed

First Task for the Teamsters’ Next Boss: Take On UPS

Google Wants to Save the Planet With Satellite Images

Generation Lockdown: Where Youth Unemployment Has Surged

©2021 Bloomberg L.P.

ShareTweetPin

Related Posts

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

by
October 1, 2023
0

The forex market is a fast-paced environment where traders constantly seek an edge to make profitable decisions. Central to this...

Is Tiller The Best Net Worth Tracker? The Rise of Digital Financial Management

by
October 1, 2023
0

Understanding one’s net worth is more than just knowing how much one has in the bank. It’s a comprehensive snapshot...

Is SoFi Invest The Best Automated Trading Software? Unraveling the Truth

by
October 1, 2023
0

As traditional investment avenues have expanded and evolved, automated trading software and micro-investing apps have become popular. These platforms simplify...

Is StreetBeat The Best Automated Trading Software? Insights from Everyday Traders

by
October 1, 2023
0

Automated trading software offer a seamless blend of technology and strategy. They allow novice and seasoned traders to optimize their...

Is TradingView The Best Automated Trading Software? The Ultimate Analysis Guide

by
October 1, 2023
0

With the rapid advancements in technology, traders now have many platforms at their fingertips catering to their specific needs and...

Next Post

Tesla Stock Faces A $213 Billion Challenge

Tennis stars Osaka, Williams and Djokovic push China for answers on Peng Shuai's whereabouts

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

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net