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“I’m With Roosevelt and Jack: Benefits of Mandatory Disclosure” Prepared Remarks before Columbia Law School Conference in Honor of John C. Coffee, Jr.

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki“I’m With Roosevelt and Jack: Benefits of Mandatory Disclosure” Prepared Remarks before Columbia Law School Conference in Honor of John C. Coffee, Jr.

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler defends mandatory disclosure and the new SPAC rules.

Problems raised
  1. SPAC investors had weaker protections than in IPOs.
  2. Disclosure is essential to investor choice.
  3. Gatekeeper duties differed between routes to market.
Solutions proposed
  1. Finalise rules aligning SPACs with traditional IPOs.
  2. Keep mandatory disclosure at the core.
  3. Apply gatekeeper and issuer obligations equally.
Read full speech on sec.gov ↗

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