Become a digitalPLUS subscriber. 99 for 4 weeks.

Topics

Advertising
SEC lifts advertising ban for private securities
SEC lifts advertising ban for private securities

Coming this fall: advertisements pitching the opportunity to buy into hedge funds, private equity funds or early-stage companies. The Securities and Exchange Commission lifted last week a Depression-era ban against private companies advertising the sale of securities that don't have to be registered with regulators. That rule had been put in place to protect investors because such securities are considered a riskier investment. Many entrepreneurs and young companies hailed the regulatory move, which will allow them to raise capital by pitching private offerings through tweets, email, print ads or other outlets. "It's fantastic," said Adam Lehman, president of...

Loading