SEC Chair Gary Gensler said last month the agency will seek to strengthen investor protections by investigating how SPACs raise cash from the public and merge with target companies.

The SEC’s corporate finance, examinations and enforcement divisions will “be closely looking at each stage to ensure investors are being protected,” Gensler said in testimony to a House subcommittee, adding “each new issuer that enters the public markets presents a potential risk for fraud or other violations.” READ MORE