Salem Radio Network News Sunday, September 26, 2021

Business

Global markets regulators team up to monitor SPACs

LONDON (Reuters) – Global securities markets regulators said on Tuesday they have begun monitoring special purpose acquisition companies or SPACs due to potential regulatory concerns.

“While SPACs may offer alternative sources of funding and provide opportunities for investors, they may also raise regulatory concerns,” the International Orgnization of Securities Commissions (IOSCO) said in a statement.

(Reporting by Huw Jones; Editing by Alison Williams)

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