What is a SPAC anyway? | Office Hours with Gary Gensler

In this episode of Office Hours, SEC Chair Gary Gensler breaks down what a special purpose acquisition company (SPAC) is and potential concerns with SPAC investments. The Securities and Exchange Commission is working to ensure that investors in SPACs are being protected. This may require updating some rules so that investors are better informed about the fees and potential economic effects from the dilution of their ownership interest. ** About The Securities and Exchange Commission ** The mission of the Securities and Exchange Commission (SEC) is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust. Follow the SEC: Twitter:   / secgov   Facebook:   / secgov   LinkedIn:   / us-securities-and-exchange-commission