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SEC Curbs on Fading SPAC Boom Have Wall Street Rethinking Role

  • Dwindling SPAC filings slip further with proposed rule changes
  • Blank-check firm advisers could be on the hook long past IPOs
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Even before U.S. regulators announced a crackdown on blank-check companies, the market for the once-hot acquisition vehicles was slowing down. 

Now, with some Wall Street banks hitting pause on underwriting those listings while they digest the potential rule changes, it could come to almost a complete standstill.