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SEC Launches Investigation Into Donald Trump’s Media and Technology Firm, SPAC Partner

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Reuters

U.S. financial regulators investigate Trump social media deal

(Reuters) -Wall Street’s top financial regulators are investigating former U.S. President Donald Trump’s $1.25 billion deal to float his new social media venture on the stock market, a filing showed. Digital World Acquisition Corp, the blank-check acquisition firm that agreed to merge with Trump Media & Technology Group Corp (TMTG), disclosed in a regulatory filing on Monday that the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) were probing the deal. Digital World said the SEC asked for documents in early November relating to communications between Digital World and TMTG, meetings of Digital World’s board, policies and procedures relating to trading, the identification of banking, telephone, and email addresses and the identities of certain investors.

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