regulatory
confidence high
sentiment positive
materiality 0.75
SEC concludes investigation into Aurora and Better; no enforcement action recommended
Better Home & Finance Holding Co
- SEC staff informed Aurora and Better on August 3, 2023 that investigation is closed with no enforcement action.
- Investigation began in Q2 2022 with a voluntary document request related to potential federal securities law violations.
- Notice was provided under the guidelines of Securities Act Release No. 5310.
- This removes a significant regulatory overhang for the pending business combination between Aurora and Better.