On May 24, 2021 at 12:00PM Eastern AFR’s Senior Policy Analyst Andrew Park testified before the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets on Special Purpose Acquisition Companies (SPACs). Download the full written testimony here. Written Testimony before the House Financial
By creating a blanket exemption for a broadly defined group of “finders” to effectively act as solicitors and brokers in private investment markets without being subject to any of the requirements on registered broker-dealers as regards disclosure, qualifications, obligations to customers, pricing, record-keeping, business conduct, financial resources, or compliance with FINRA rules, the Commission would abrogate its responsibilities to protect investors and to maintain fair and orderly markets.
AFR Education Fund sent the letter below to the Securities and Exchange Commission opposing changes to rules governing how corporations can raise investment capital. These rules would make it easier for companies to raise capital without doing basic disclosures about their business or following other