The Latest SPAC News and Rumors: September 12, 2023
by Marlena Haddad on 2023-09-12 at 11:33am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SEC charges Marcum employee over audit quality control issues and J.M. Smucker to buy Hostess Brands in $5.6B deal


US SEC charges Marcum employee over audit quality control issues

The U.S. Securities and Exchange Commission on Tuesday said it has charged a former national office leader at audit firm Marcum LLP over quality control failures, the regulator said in a statement.

The SEC said Alfonse Gregory Giugliano, a certified public accountant, failed to sufficiently address and remediate deficiencies in the firm’s quality control system. In his role as a National Assurance Services Leader, he was aware of numerous deficiencies in Marcum’s quality control system, the SEC said.

The SEC in June charged marcum with a $10 million penalty for standards violations related to its audit work for hundreds of special purpose acquisition companies, or SPACs.

READ


J.M. Smucker to buy Twinkies maker Hostess Brands in $5.6 billion deal


The Latest SPAC News and Rumors: September 12, 2023
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