SEC’s Atkins Says Rules on Blank-Check Companies to Be Reviewed

Securities and Exchange Commission Chairman Paul Atkins said the agency will examine rules that had stepped up oversight of US blank-check companies.

Atkins told CNBC on Wednesday that the regulations for special purpose acquisition companies had been “rather controversial” and that the SEC would review them.

Last year, the agency tightened its oversight of SPACs to require more disclosure, crack down on conflicts of interest and try to speed up the dealmaking process.

Officials from Department of Government Efficiency at the SEC recently sought meetings with staff to look at easing SPAC rules, Reuters reported earlier this week, citing ...