The Securities Exchange Commission issued a word of warning to special purpose acquisition companies (SPACs) -- "we're watching." The SEC also had some advice for investors in SPACs -- "don't believe the hype."

Reacting to an increasingly popular method for taking a company public than the more traditional initial public offering (IPO), regulators cautioned companies considering the path not to cut corners. SPACs are an easier way to go public than IPOs, but the same legal responsibilities still apply as some have used celebrity endorsements to give their launch a boost.

"De-SPAC transactions give no one a free pass for material misstatements or omissions as they are subject to both The Securities Act and The Exchange Act, and may also give rise to liability under state law," the agency said. "It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment."

SPACs have taken off over the past year, in part because they are faster to execute than IPOs. SPACs have also gained traction due to their association with high-profile figures such as NBA legend Shaquille O'Neal and Trump's former White House economic advisory Larry Kudlow.

FIND OUT WHAT ALL THE FUSS IS ABOUT OVER THE SPAC TREND

Starbucks is experimenting with a new reusable cup that can be shared among patrons, but analysts are unsure how well the idea will fly in the current climate of the COVID-19 pandemic and rampant germophobia.

As part of Starbucks' long-standing support for environmental issues, the company is finally ready to tackle its deepest carbon footprint -- the millions of single-serve containers that are discarded each year. Although the current cups can be recycled, the reusable ones can prevent waste.

Here's how it works: Customers put down a $1 deposit when they order one of the reusable cups. Once they are returned, customers receive a $1 credit plus bonus points on the Starbucks app. The cups are cleaned and sterilized before going back into circulation, but will customers go for it?

Starbucks hopes the initial "ick factor" will be put to rest, especially since most customers use the sip-lid to drink their java. Starbucks offers a free cup pick-up service for those who get their joe on the go. The biggest switch may be the move to washable ink to remove customers' names.

FIND OUT HOW STARBUCKS IS SPINNING THE REUSABLE CUP

There's something strange lurking in a Cincinnati cemetery, and no, this is not a ghost story. More like monkey business as police are trying to round up five stray primates that have taken up residence in the graveyard trees.

No one is sure where they came from -- neither a zoo nor a private owner has reported them lost -- and police still haven't been able to confirm the various reports they have received. But a video posted on Facebook captures what appears to be troop of primates resting in the treetops. 

Police are patrolling the area and have requested assistance from a nearby zoo to catch and relocate the monkeys to a safer environment. But skeptics continue to believe the cops are on a wild monkey chase.

“Until we are able to identify them in the daylight, it’s hard to know," said one animal behavior specialist. "The Cincinnati Zoo will be here to assist and confirm, but at this point, we need a confirmed sighting."

Sounds like a simple case of monkey see, animal rescuers do.

CHECK OUT THE VIDEO OF THE ALLEGED MONKEY SIGHTING

It's National Unicorn Day (yes, we're surprised that's a thing too), but the mythical creatures aren't the product of a Disney script. Reports of unicorns sightings date back to the cave-drawing days, but the legend really took off when what famous explorer claimed to discover the beasts?

(Thursday's answer: Canine cartoon characters Astro and Scooby-Doo were voiced by Don Messick in "The Jetsons" and "Scooby-Doo, Where Are You!." Astro never had a catch phrase catch on like "Rut-ro Raggy.)

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