Home Business SPACS And Scams: FINRA Announces New Sweep Exams – Finance and Banking

SPACS And Scams: FINRA Announces New Sweep Exams – Finance and Banking

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SPACS And Scams: FINRA Announces New Sweep Exams


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FINRA President Robert Cook has announced that FINRA will
conduct new regulatory sweeps focusing on three areas:  1) the
use of Special Purpose Acquisition Companies (SPACs) to raise money
in the markets; 2) social media influencers who publicly give
advice on stocks; and 3) the due diligence conducted by member
firms prior to the opening of options accounts. 

In a webcast at SIFMA’s Compliance and Legal…

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