SEC's Proposed SPAC Crackdown Meets Industry Resistance

By Tom Zanki (June 22, 2022, 7:42 PM EDT) -- The U.S. Securities and Exchange Commission is facing a wide range of criticism as it prepares to finalize rules reining in special-purpose acquisition companies, including from market participants accusing the agency of overreach.

The comment deadline for a rules proposal governing SPACs expired last week, leaving the next move to the agency. Regulators could revise their proposal — or stick largely to their initial draft — based on public input, and may take a final vote later this year.

Plenty of eyes are watching, as evidenced by the 78 or so public comments on the 372-page proposal, which regulators say is designed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!