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Reuters

SPAC tied to Trump’s social media venture receives regulatory inquiries

Digital World Acquisition Corp said on Monday it had received requests for information from the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) between late October and early November. The SEC had sought documents relating to communications between the blank check firm and Trump’s social media venture, meetings of DWAC’s board, policies and procedures relating to trading, the identification of banking, telephone, and email addresses and the identities of certain investors. FINRA asked for detail surrounding events, specifically, a review of trading that preceded the public announcement of its merger with Trump Media & Technology Group Corp (TMTG).

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