US regulators probe Trump social media deal

US regulators are scrutinising a deal to take Donald Trump's new media venture public.WASHINGTON - US regulators are scrutinising a deal between Donald Trump's fledgling social media company and an investment vehicle to bring the former president's venture to the stock market, documents showed.

Digital World Acquisition Corp , which is partnering with Trump, reported in a filing to US markets watchdog the Securities and Exchange Commission that it received"preliminary, fact-finding inquiries from regulatory authorities, with which it is cooperating." In a joint statement, the two companies announced on Saturday that a group of institutional investors had committed to contributing $1-billion to the transaction.Digital World says the SEC is seeking details of its board meetings, brokerage procedures, the identity of certain investors and dealings with Trump's company.

"The investigation does not mean that the SEC has concluded that anyone violated the law or that the SEC has a negative opinion of DWAC or any person, event, or security," Digital World's filing said.Digital World is a special purpose acquisition company , sometimes called a"blank check" company because it is set up with the sole purpose of merging with another entity.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA firm aims high in budding cannabis industry with R300m investment from a US company | Fin24JSE-listed industrial cannabis investment business Labat Africa has announced that it has scored a R300m investment from a US company. | Fin24 Fin24 Yazi it look like I have to start by looking investor's abroad nami 🤞🏿 Fin24 hey man as long my stock is finally about to see green 😭
Source: News24 - 🏆 4. / 80 Read more »

Asia markets down on Omicron, US jobs data worriesAsian markets broadly fell in morning trading Monday, tracking uncertainty over the Omicron variant of Covid-19.
Source: eNCA - 🏆 49. / 51 Read more »

Flat US bond yields and prospect of tighter policy weigh on goldSpot bullion was little changed at $1,782.95 per ounce while US futures were flat at $1,783.60
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian markets lag as US and European stocks futures riseEarly trade was cautious as MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.5% I'm so happy I took part on this opportunity with LindaStouffes fear didn't want me to proceed at first but I just said to let go and gave it try. may you continue to excel LindaStouffes
Source: BDliveSA - 🏆 12. / 63 Read more »

Anthony Fauci says US re-evaluating Omicron travel bans but no decision yetOmicron variant found in almost one-third of US states, say health officials
Source: BDliveSA - 🏆 12. / 63 Read more »

US, West blast Taliban over reported 'summary killings' of ex-security forces | News24The US on Saturday led a group of Western nations and allies in condemnation of the Taliban over the 'summary killings' of former members of the Afghan security forces reported by rights groups, demanding quick investigations.
Source: News24 - 🏆 4. / 80 Read more »