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SPAC Update: Tremors Felt from Proposed SPAC Rules as Investment Bank Signals Retreat

In a little more than a month, the SEC's proposed special purpose acquisition company (SPAC) rules have started to reshape the market landscape. In a concise statement issued on May 9, a prominent investment bank announced it...more

Writing on the Wall for SPAC Underwriters? New SEC Rule Increases Exposure and Risks

Last week, Holland & Knight's experienced Corporate, M&A and Securities Team dove into the details of the SEC's recent rule proposal covering enhanced disclosures for SPACs and de-SPAC transactions. As detailed in the post,...more

SEC Proposes Amendments to Ensure Adequate Financial Incentives for Whistleblowers

As SEC Chair Gary Gensler presaged in August 2021, the SEC has announced proposed substantive amendments to two whistleblower program rules – Rules 21F-3 and 21F-6 – to address concerns that the 2020 amendments to those rules...more

AG Merrick Garland: DOJ Prioritizing Prosecution of Individuals in White Collar Crime

In remarks to the American Bar Association (ABA) Institute on White Collar Crime on March 3, 2022, Attorney General Merrick Garland underscored the U.S. Department of Justice's (DOJ) renewed emphasis on corporate...more

SEC Chief Accountant Lauds FASB for Engaging Investors, Stakeholders on Potential New Standards

Paul Munter, acting chief accountant for the SEC's Office of the Chief Accountant, on Feb. 22, 2022, released a statement related to the Financial Accounting Standards Board's (FASB) effort to consult with investors and...more

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