The probe began in July 2022 following a lawsuit from former executive Sarah Pierce, who alleged the company misled investors about its financial health to ensure the SPAC merger proceeded.
The U.S. Securities and Exchange Commission (SEC) into Better.com and its SPAC partner, Aurora Acquisition Corp., on August 3, 2023, without recommending any enforcement action. Key Details of the Investigation SEC Investigating Better.com For Securities Law...
After over a year of inquiry, the SEC informed both companies it had ended the investigation. However, the agency noted that this decision did not "exonerate" the parties , as future actions could still theoretically result from the findings. Context of the Merger The probe began in July 2022 following a