General World News

SEC ends investigation into and SPAC partner’s alleged securities law violations

Aurora Acquisition Corp., the special purpose acquisition company planning to make public the digital nonbank lender, said on Thursday that the Securities and Exchange Commission (SEC) ended an investigation of the companies with no enforcement action. 

In July 2022, HousingWire reported that the SEC launched an inquiry into Aurora and Better to evaluate allegations of federal securities law violations, prompted by a former top executive’s lawsuit.

“On August 3, 2023, SEC staff informed Aurora and Better that they have concluded the investigation and that they do not intend to recommend an enforcement action against Aurora or Better,” details ⇒

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