Oct. 26, 2022
I support the proposed rule and would like mention that shell companies are a scourge on markets for the purposes of true price discovery, and for full disclosure of individuals' or groups' finances. These can be used for tax avoidance purposes with the effect of draining the real value of an economy into an individual's bank account. Much more regulation should be required, to the full extent of the SEC's power, these shell companies and spacs need to disclose everything related to what the money is doing.