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The Independent UK
The Independent UK
National
Eric Garcia

SEC announces settlement with merger partner of Trump’s Truth Social app

SEC DWAC Donald Trump TMTG SPAC
Copyright 2023 The Associated Press. All rights reserved.

The Securities and Exchange Commission announced that it had settled fraud charges with the financial firm tied to former president Donald Trump’s Truth Social platform, Street Insider reported.

The SEC had accused Digital World Acquisition Corporation (DWAC), a special purpose acquisition company, of making material misrepresentations in forms it filed with the SEC as part of its initial public offering and its proposed merger with Trump Media & Technology Group Corp (TMTG), which Mr Trump founded.

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