Outgoing SEC Chairwoman Mary Schapiro postponed the easing of strict advertising rules for...

|By:, SA News Editor

Outgoing SEC Chairwoman Mary Schapiro postponed the easing of strict advertising rules for private placements - mandated under the JOBS Act - because she doesn't "want to be tagged with an anti-investor legacy," she wrote in an email to her replacement, Elisse Walter. "In light of all that's been accomplished, that wouldn't be fair, but it is what will be said."