Trump, Lucid SPAC Deals Being Investigated by SEC

The Securities and Exchange Commission is probing two of the most notable SPAC deals struck this year, including former President Donald Trump’s venture, signaling that regulators are ratcheting up scrutiny of such deals and rushing to keep up with the frenzy of activity.

The SEC is investigating a potential merger between Trump Media & Technology Group and the special-purpose acquisition company Digital World Acquisition Corp. , Digital World disclosed in a regulatory filing Monday.