Letters to Congress: Letter Urging Congress to Address Risks in Growing SPAC Mania

A record breaking number of blank check companies also called Special Purpose Acquisition Companies (SPACs) have been sold to investors in 2020, a pace that only continues to be picking up this year.
SPACs have many problems ranging from their high fees, incentives of issuers that greatly diverge from investors, and historically have performed poorly. AFR wrote a letter to Congress providing a number of policy recommendations that would help reign in this mania and better protect investors.

View or download a PDF of the letter here.