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Corporate

Jul. 13, 2013

Lift of advertising ban to spur investment

The SEC voted Wednesday to lift an 80-year-old advertising ban, a move praised by lawyers as instrumental in removing barriers to capital, promoting job growth and stimulating business.


By Andrew McIntyre


Daily Journal Staff Writer


Lawyers praised the U.S. Securities and Exchange Commission's lifting of an 80-year-old advertising ban on startups, venture capital firms and hedge funds seeking to raise private capital, calling it instrumental to removing barriers to fundraising and promoting job growth.


With the ban gone, companies and firms will be permitted to advertise their private offerings to the general public, alth...

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