SPACS And Scams: FINRA Announces New Sweep Exams
To print this article, all you need is to be registered or login on Mondaq.com.
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…