JOBS Act's Lift Of Ad Ban Gains Traction With Small Cos.

By Tom Zanki (April 4, 2016, 11:56 PM EDT) -- Four years since Congress passed the Jumpstart Our Business Startups Act, a work in progress that aims to expand capital-raising options for smaller companies, attorneys says the law's lifting of advertising bans for certain private placements is finally beginning to gain traction with issuers, while changes under the law's Regulation A-Plus have yet to make much of an impact.

Despite a slow initial reception, lawyers say clients are warming up to what are known as 506(c) offerings, named after a rule that lets issuers publicly market private placements that can raise unlimited funds as long as such offerings are limited to...

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