Schapiro puts off JOBS Act rule about raising capital

12/2/2012 | Washington Post, The · Wall Street Journal, The

Securities and Exchange Commission Chairman Mary Schapiro, in one of her last acts running the agency, delayed ending a ban on companies advertising unregistered securities. Currently, only wealthy investors can legally obtain such unregistered shares. The measure to expand the sale of such securities to a wider audience, and thus ease the ability to raise capital, was part of the Jumpstart Our Business Startups Act.

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Washington Post, The · Wall Street Journal, The

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