MSP Recovery shares surge 32.75% intraday after SEC concludes investigation with no enforcement action.

MSP Recovery surged 32.75% intraday after announcing the SEC concluded a 33-month investigation with no enforcement action against the company or its officers. The probe, initiated in August 2022, focused on business combination and financial statement disclosures, with the firm cooperating fully by providing extensive data. CEO John H. Ruiz emphasized the resolution would allow the company to focus on operational growth. The clearance of regulatory scrutiny likely drove investor optimism, as the absence of penalties eased concerns over governance risks and potential financial liabilities.