Sunday, July 25

SPAC deal

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The SEC is reportedly looking into conflicts of interest among major banks in the SPAC deal-making process

The headquarters of the US Securities and Exchange Commission are seen in Washington Thomson Reuters The SEC is investigating banks over conflicts of interest in the SPAC deal-making process, Reuters first reported. In particular, the regulator is looking into instances of banks acting as underwriter and adviser on the same deal. The SEC has requested information from top SPAC underwriters including Morgan Stanley and Goldman Sachs. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The US Securities and Exchange Commission is investigating major banks over conflicts of interest in the SPAC deal-making process that exploded in the past year, Reuters first reported. In particular, the regulator is looking into instances wherein the banks acted both as the ...