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US Securities and Exchange Commission (SEC) Is interested in tightening reporting rules and increasing transparency in what has become the back door to the New York Stock Exchange, mergers with blank check companies, or SPAC bodies Established with the aim of merging companies to which they did not want or could not go for a direct offering. The move, which is expected to go to a vote today (Wednesday), was made as part of the Authority’s intention to protect investors in the stock market, after the heavy losses they suffered with the significant drop in value of companies merged into Spock entities in 2020 and 2021.