Investment Firms Find Few Catches In SEC Advertising Rule

Law360, New York (August 29, 2012, 7:27 PM EDT) -- In proposing Wednesday to lift a long-standing ban on advertising private investment offerings, the U.S. Securities and Exchange Commission mostly stuck to the script laid out for it by Congress, pleasantly surprising hedge funds and attorneys who had braced for the agency to lace its proposal with extra restrictions.

Mandated by the Jumpstart Our Small Business Startups Act, the proposed rule would relax marketing restrictions for hedge funds, private equity firms and others, allowing them to advertise their wares to the general public for the first...
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