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Donald Trump's deal to float his social media firm is being investigated by Wall Street watchdogs.
Digital World Acquisition Corp is set to merge with Trump Media and Technology Group.
The SEC requested documents about its investors and trading, according to a filing on Monday.
The social media app will be called Truth Social.
According to the filing, the SEC asked to see information about the relationship between Digital World and TMTG.
The deal is being investigated by the Financial Industry Regulatory Authority.
The SEC does not comment on the existence of a possible investigation.
The radio station contacted the company for comment.
The SEC was asked to investigate the proposed merger of the two firms by Senator Elizabeth Warren.
Digital World is a blank cheque company.
At the start of this year, Spacs became a major story in the US stock market, as they are shell companies that are set up with the sole purpose of merging with a private firm to take it public. Some of the companies that merged with them failed to deliver on their ambitious financial projections.
On Saturday, Mr Trump's firm said it had secured $1 billion from a diverse group of institutional investors. The social media venture is now worth $4 billion.
The former US president was banned from social media after the attack on the US Capitol.
According to a presentation on his company's website, at the time he was banned, Mr Trump had 89 million followers on social media.
Companies.
Donald Trump.
The US Securities and Exchange Commission.
