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Mastodon MigrationFinancial News: AFT’s Weingarten Demands ‘Extraordinary Scrutiny’ of SpaceX IPO to Protect Workers’ Retirements and Investor Rights
"Weingarten urges the SEC to reject any attempt to fast-track SpaceX’s listing until all concerns are addressed. She also calls on the SEC to collaborate with Nasdaq and S&P to reverse the “fast entry” rule, which lets companies like SpaceX join indexes just 15 days after going public, instead of waiting three months."
AFT’s Weingarten Demands ‘Extraordinary Scrutiny’ of SpaceX IPO to Protect Workers’ Retirements and Investor Rights
WASHINGTON—AFT President Randi Weingarten today called on the U.S. Securities and Exchange Commission to subject SpaceX’s upcoming initial public offering to “extraordinary scrutiny” to safeguard the retirement security of the AFT’s 1.8 million education, healthcare and public sector workers whose pensions and investments are deeply exposed to the public equities market.