Corporate
Nov. 29, 2013
Attorneys now wary of advertising private securities
Last year, when Congress directed the Securities and Exchange Commission to lift its 80-year-old ban on securities advertising, many corporate lawyers were excited. But that sentiment has since been replaced with skepticism.
Daily Journal Staff Writer
Last year, when it came to light that a portion of Congress' landmark Jumpstart Our Business Startups (JOBS) Act would include a provision directing the Securities and Exchange Commission to lift its 80-year-old ban on securities advertising, Reed Smith LLP partner Donald C. Reinke was thrilled. "When I first heard, I was very excited. I thought it was going to be possibly the one bright spot, from...
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