the stock of digital world acquisition corp dwac the blankcheck company planning to take former president trumps media ventures public via a merger rallied 126 wednesday after the company said it had reached a settlement in principle with the secs enforcement division after the agency launched an investigation into the proposed tieup between the two companies if the sec approves the settlement it would issue a ceaseanddesist order finding that the company violated antifraud laws related to its ipo filings concerning certain statements agreements and omissions relating to the timing and discussions the company had about the proposed deal with trumps media company trump media  technology group which oversees the social platform truth social if dwac makes revisions to the ipo filings it will pay an 18 million civil penalty once the deal closes the stock has fallen 7 in the year to date while the sp 500 has gained 16 this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal