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Toomey presses SEC for answers on climate, ESG agenda
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Climate Change Disclosures High on SEC s Agenda | Wilson Sonsini Goodrich & Rosati
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On March 11, 2021, the SEC s Investor Advisory Committee
convened and hosted a panel discussion regarding special purpose
acquisition companies (SPACs). The panel aimed to shed light
on the recent increase in SPAC activity, the risks associated with
this increased activity, and potential policy implications.
Acting SEC Chair Allison Lee delivered opening remarks.
She noted that SPACs act as a potential avenue for bringing private
issuers to the public market. She added the need for
appropriate disclosure for SPACs and adequate recourse against
sponsors and underwriters. Commissioner Hester Peirce
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