Yesterday, Campaign for Accountability (CfA) asked the SEC to investigate stablecoin issuer Circle’s proposed SPAC, highlighting numerous undisclosed red flags with the potential $9 billion merger.
Today, Campaign for Accountability filed a complaint with the Securities and Exchange Commission requesting an investigation into Natera Inc., a clinical genetic testing company. Following New York Times reporting on the company’s prenatal tests, CfA alleges that Natera appears to have misled investors about the accuracy of its prenatal genetic tests and failed to disclose the investor risk associated with tests resulting in false positives.
Today, Campaign for Accountability asked the Securities and Exchange Commission to investigate the proposed Special Purpose Acquisition Company transaction between DeepGreen Metals Inc. and Sustainable Opportunities Acquisition Corp., alleging required disclosures are inadequate.
On September 26, 2016, 37 organizations signed an open letter to Senate Majority Leader Mitch McConnell, urging McConnell to reject any poison pill language in budget legislation that would prohibit the Securities and Exchange Commission from strengthening corporate disclosure laws by requiring transparency of secret political spending.
On May 25, 2016, The Wall Street Journal reported that the FBI and the SEC are investigating Sen. Bob Corker (R-TN) for his lucrative stock trades of real estate investment giant CBL Associates Properties, a real estate company based in Chattanooga, Tennessee.
On March 21, 2016, CfA filed a second complaint with the Securities and Exchange Commission and the Senate Select Committee on Ethics, alleging Sen. Robert Corker (R-TN) concealed information about his stake in several hedge funds – funds managed by his campaign donors – in violation of federal law and Senate rules.