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Post by fishingrod on May 9, 2022 15:51:10 GMT
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Post by fishingrod on May 9, 2022 15:55:41 GMT
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Post by roi2020 on May 9, 2022 18:43:46 GMT
Last year there was a frenzy of new SPAC issuance.
Some of these SPACs were of questionable value and would not have successfully navigated the IPO process due to more stringent requirements.
Now that the SEC has signalled increased oversight of SPACs, major underwriters have significantly decreased their participation due to potential liabilities.
It appears that major underwriters took advantage of the lax regulatory environment but now they're suddenly concerned about lawsuits and tarnished reputations!
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Post by alvinthechipmunk on May 10, 2022 9:21:57 GMT
Last year there was a frenzy of new SPAC issuance. Some of these SPACs were of questionable value and would not have successfully navigated the IPO process due to more stringent requirements. Now that the SEC has signalled increased oversight of SPACs, major underwriters have significantly decreased their participation due to potential liabilities. It appears that major underwriters took advantage of the lax regulatory environment but now they're suddenly concerned about lawsuits and tarnished reputations! Yup. You don't need a conscience to play the Market. It's actually a detriment. |
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