Daily Archives: April 10, 2021, 8:02 am

SEC’s Coates tells investors to ignore billionaire SPAC investor’s legal advice – MarketWatch

In a recent YouTube interview, Palihapitiya asserted that in the case of a traditional IPO “you can’t show a [financial] forecast and you can’t talk about the future of how you want to do things — you’re just not allowed.” While public companies are protected from lawsuits involving forward-looking statements through a safe-harbor law passed by Congress in 1995, it…

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