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SPACs: a 'guaranteed' return to the investor?
At a recent informal sit down in New York, AMEX Head of Equities Rob Wotczak spoke about the resurgence of the Special Purpose Acquisition Corp. (SPAC). While popular in the '90s, the investment vehicle fell out of vogue quickly due to some unscrupulous issuers. Wotczak suggested the corporations weren't appropriately regulated because they weren't listed on a national exchange.
 

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