Should publicly listed companies should publish their financial results every quarter? Do they have to use GAAP or can they make up their own financial metrics? What do you think would happen if we removed the regulations surrounding financial disclosure for public companies?

The questions are rhetorical. Companies will rob their shareholders blind if you let them. You can't just be "lol caveat emptor".

(Casinos also cheated players shamelessly in the good old days before regulatory oversight.)

Yeah I can just like I am about all those other great ways to lose money that I just posted.

But, I'm really not getting your point here. SPACs have to report financial results just like any other public company. They aren't allowed to commit fraud any more than any other company.

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Do you have an example of a SPAC where the.target was a scam? I'm not aware of any, and I follow this stuff more closely than most people.

Nikola Motor went from a 34bn market cap to near bankruptcy in 2 years. Their tech was a sham and the founder got prosecuted and convicted for defrauding investors.

Lordstown Motors. Faked their order book. Blatant securities fraud.

There are many others.