#federalsecurities — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #federalsecurities, aggregated by home.social.
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…Rejected by #banks & #lenders over the #Jan6, 2021, #insurrection & his long history of &bankruptcies & #business #failures, #Trump had approved the merger of his company w/a #SPAC as a way to raise money in the months after he lost the WH. Often called “blank check” firms, SPACs promise access to public stock investors w/fewer #FinancialDisclosures than a traditional corporate listing requires.
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Digital World’s chief exec, #PatrickOrlando, a Miami financier #Trump had hosted at his golf clubs, had been telling #investors privately for months that he’d been talking w/Trump about the deal, the filings assert — a violation of #FederalSecurities #law, the #SEC would say later, given his company’s pledge in regulatory filings that its leaders had held no talks w/any merger targets.