Federal grand jury Subpoenas were issued to the business that merged with the former president Trump’s social media company last week, the company reported in a Securities and Exchange Commission (SEC) filing on Monday. Every member of the board of directors of the special purpose acquisition company, or
SPAC, that combined with the Trump Media and Technology Group was served with Subpoenas by a grand jury in the Southern District of New York.The most recent Subpoenas heighten the investigation into the deal. In December, only a few weeks after the merger between Trump’s business and Digital World Acquisition Corp, the SPAC, was announced, federal officials started looking into it.
We welcome and will work with any supervision that furthers the SEC’s crucial goal of safeguarding retail investors. The progression runs the danger of postponing the merger’s conclusion even more. The Financial Industry Regulatory Authority and the SEC are conducting an inquiry and are looking for details about what happened before the news went public.
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