Trump Media and Tech Group (NO Politics Allowed) (DJT)

[PhenixBleu]

LOL...SPAC investigations have been growing in numbers for years. The SEC Enforcement site and Press Releases are a good place to start. Google can help you find examples. I linked two for convenience. Not surprisingly, fake news media seems to want to focus more on the DWAC SPAC than the others.

Over the past six months, the U.S. securities markets have seen an unprecedented surge in the use and popularity of Special Purpose Acquisition Companies (or SPACs).[1],[2] Shareholder advocates – as well as business journalists and legal and banking practitioners, and even SPAC enthusiasts themselves[3] – are sounding alarms about the surge. Concerns include risks from fees, conflicts, and sponsor compensation, from celebrity sponsorship and the potential for retail participation drawn by baseless hype, and the sheer amount of capital pouring into the SPACs, each of which is designed to hunt for a private target to take public.[4] With the unprecedented surge has come unprecedented scrutiny, and new issues with both standard and innovative SPAC structures keep surfacing.

https://www.sec.gov/news/public-statement/spacs-ipos-liability-risk-under-securities-laws

https://www.clearyenforcementwatch.com/2021/07/sec-brings-spac-enforcement-action-and-signals-more-to-come/

https://www.nytimes.com/2021/07/13/business/sec-spac-momentus-stable-road.html