The investigations never end.
According to a new report, federal regulators have requested documents with the publicly traded SPAC that merged with Trump’s social media company.
The report also cites that at this time this should not be viewed as the SPAC or Trump’s social media company has done something wrong.
JUST IN: The publicly traded SPAC that has announced plans to merge with former President Donald Trump’s new social media company investigated by federal regulators including SEC – CNBC.
— Insider Paper (@TheInsiderPaper) December 6, 2021
The publicly traded SPAC that has announced plans to merge with former President Donald Trump’s new social media company said in a new filing that the SEC and FINRA regulatory agencies have asked for information regarding stock trading and communications with Trump’s company before the deal was announced.
The investigations were disclosed in an 8-K filing by Digital World Acquisition Corp., the special purpose acquisition company.
“DWAC has received certain preliminary, fact-finding inquiries from regulatory authorities, with which it is cooperating,” the company said in the filing.
“Specifically, in late October and in early November 2021, DWAC received a request for information from FINRA, surrounding events (specifically, a review of trading) that preceded the public announcement of the October 20, 2021 Merger Agreement,” the filing said.
“According to FINRA’s request, the inquiry should not be construed as an indication that FINRA has determined that any violations of Nasdaq rules or federal securities laws have occurred, nor as a reflection upon the merits of the securities involved or upon any person who effected transactions in such securities.”
Too little information exists to this point to see what exactly this investigation is.
What we do know is the Deep State uses phony investigations to slow down anyone challenging them.
Trump’s new social media platform will become a threat to Big Tech once it launches.
The Palmieri Report will continue to follow this story.
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions. You can help us beat Big Tech by following us on GETTR , Telegram, and Rumble.