Trump SPAC under investigation by federal
regulators, including SEC
CNBC,
by
Dan Mangan
Original Article
Posted By: Dreadnought,
12/6/2021 11:33:09 AM
The SPAC planning to merge with former President Donald Trump’s new social media company revealed Monday that the Securities and Exchange Commission and another regulator asked it for information regarding stock trading and communications with Trump’s firm before the deal was announced.
The investigations by the SEC and the Financial Industry Regulatory Authority were disclosed in an 8-K filing with the SEC by Digital World Acquisition Corp., the special purpose acquisition company on track to merge with Trump Media & Technology Group.
Reply 1 - Posted by:
bamboozle 12/6/2021 11:38:01 AM (No. 998653)
The deep state is still terrified of The Donald.
56 people like this.
Reply 2 - Posted by:
mean Gene 12/6/2021 11:41:59 AM (No. 998658)
These two firms had private discussions.
Then they decided to merge.
At what point must the gov't be involved?
Can't business people talk anymore?
And, what is the "crime" in publicizing the fact that the gov't is sticking its nose in?
45 people like this.
Reply 3 - Posted by:
hershey 12/6/2021 11:45:02 AM (No. 998666)
The buttwipes in the deep state just can't let the man alone...I sure he loves living in their minds rent free...bunch of wankers...GO TRUMP!!!!!
58 people like this.
Reply 4 - Posted by:
billa57 12/6/2021 11:55:55 AM (No. 998686)
The Deep State's tentacles are hard at work trying to silence the deplorables. How truly deplorable can you get?
31 people like this.
Reply 5 - Posted by:
singermom9 12/6/2021 11:58:26 AM (No. 998689)
Anything to hinder free speech.
33 people like this.
Reply 6 - Posted by:
wilarrbie 12/6/2021 11:59:10 AM (No. 998691)
Looking...looking, got to find...obscure, arcane, ... something, ANYthing!
23 people like this.
Reply 7 - Posted by:
stablemoney 12/6/2021 12:07:37 PM (No. 998702)
Everything Trump does is immediately put under investigation by a federal agency. I hope he gets even when he gets back in office. I want vengeance, and of the severe variety. They have earned it.
43 people like this.
Reply 8 - Posted by:
Enoch Powell 12/6/2021 12:13:59 PM (No. 998710)
Trump... the idea of Trump... so threatens the left/deep state that they nakedly go after him. It's almost hilarious. We will return to greatness when these deep state useless people and their departments are annihilated. And they know that is in the cards. haha. Byebye FBI, CIA, and the rest of the useless bureaucracies...
23 people like this.
Reply 9 - Posted by:
DVC 12/6/2021 12:19:04 PM (No. 998717)
Still corruptly weaponizing ALL the machinery of the government against Trump. Trump is NOT part of the Deep State and is too rich to be bribed, and loves this country and our freedoms.
That absolutely TERRIFIES the corrupt class of criminals who mostly run the bureaucracies of our crooked, cirminal, corrupt, lying, cheating and stealing government.
27 people like this.
Reply 10 - Posted by:
LC Chihuahua 12/6/2021 12:25:13 PM (No. 998722)
Washington is doing everything in its power to keep Trump out of its business.
24 people like this.
Reply 11 - Posted by:
LC Chihuahua 12/6/2021 12:30:33 PM (No. 998724)
Criminals accusing others of criminal behavior.
13 people like this.
So how is that five year old investigation of Hunter Biden's taxes going?
22 people like this.
Reply 13 - Posted by:
Rama41 12/6/2021 1:24:14 PM (No. 998778)
Am I the only one embarrassed to admit I don't know what a SPAC is?
6 people like this.
Reply 14 - Posted by:
downnout 12/6/2021 1:37:00 PM (No. 998787)
It continues to amaze me how quickly the government can move when Trump is involved.
15 people like this.
Reply 15 - Posted by:
nhsailmaker 12/6/2021 2:20:23 PM (No. 998818)
OUR govt that WE OWN is frigging OUT OF CONTROL
as a SHAREHOLDER of our GOVT I ask that our Board of Directors put an end to this
OOPS did I just communicate illegally with other shareholders?
5 people like this.
Reply 16 - Posted by:
spacer 12/6/2021 2:21:12 PM (No. 998819)
This filth will not stop until lamp post are put back into use.
5 people like this.
Reply 17 - Posted by:
voxpopuli 12/6/2021 2:29:58 PM (No. 998828)
ALL SPACs are "under investigation"..
the way they raise money does NOT go along
with how the Democrat party and OLD Wall Street
would like them to do..
the headline this morning on Yahoo Finance
(God forbid you read it)
Lucid shares drop amid SEC subpoena over SPAC deal
why, WHY ?! did i know the MSM would drag DJT's spacs into it?
4 people like this.
Reply 18 - Posted by:
Vuulfie2 12/6/2021 3:09:29 PM (No. 998854)
FTA ~"The filing said that both the SEC and FINRA indicated in their requests that there has been no determination of a violation of securities laws or other wrongdoing by the company.
DWAC’s filing comes three weeks after Sen. Elizabeth Warren, D-Mass., asked the SEC to investigate possible securities violations involving the merger."
So now you know who is behind the extremely misleading headline, "Trump SPAC Under Investigation By Federal Regulators, Including Sec".
But we already knew that the Dems were behind it anyway.
MAGA won't be stopped. FJB
3 people like this.
Reply 19 - Posted by:
cor-vet 12/6/2021 3:20:08 PM (No. 998862)
That sure didn't take long.
4 people like this.
Reply 20 - Posted by:
Calvinesq 12/6/2021 4:15:47 PM (No. 998917)
Don't get too excited. The SEC and FINRA routinely investigate nearly every merger, material news announcement and capital raising initiative and many other events involving public companies, trying to determine whether there had been any insider trading, tipping by insiders and the like prior to the public announcement. This is standard procedure. CNBC thinks because it's occurring with respect to the Trump SPAC that they can get eyes on the story to boost readership numbers. In all likelihood, like the vast majority of these investigations, it goes no where. Every once in a while they find an insider trading violator. The SEC and FINRA employ sophisticated methods to detect such violators. In general, unless there was tipping by an insider, the public company subject to the probe is an innocent bystander.
5 people like this.
Reply 21 - Posted by:
paral04 12/6/2021 4:21:40 PM (No. 998927)
Pocahontas did this. She is part of the coven of democrat witches who will not be happy until they have destroyed this country,
4 people like this.
Reply 22 - Posted by:
49 Ford 12/6/2021 5:18:04 PM (No. 998979)
Thank you, # 20
3 people like this.
Reply 23 - Posted by:
MickTurn 12/7/2021 10:21:58 AM (No. 999585)
Political persecution of course...Next...
1 person likes this.
Reply 24 - Posted by:
JimBob 12/7/2021 12:09:31 PM (No. 999733)
Someone much smarter than me said that:
"The Media wants the Government to investigate Rich people who became Politicians.
The Government should investigate Politicians who became Rich."
0 people like this.
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