While there have been settlement talks with Mr. Rattner, no agreement has been announced.
The status of Wall Street financier Steven Rattner remains unresolved in the pension fund case.
In its usual fashion, the SEC did not require Rattner to admit to any wrongdoing.
There are many flaws in the JOBS Act, particularly the crowdfunding provision that Mr. Rattner attacks.
The money is no big deal for the billionaire Rattner, but the ban seems unconscionable to him.
FORBES: Bans and Censures for Rattner and Rangel Respectively
The news comes just one day after Rattner and Quadrangle hosted the high-profile, invite-only FourSquare media conference.
There is one alternative: Wang could partner with New Jersey Nets owner and real estate developer Bruce Rattner.
"TV is out of the box and off the wall, " Justin Rattner, Intel's chief technology officer, told BBC News.
Mr. Rattner was tapped early on by President Barack Obama to help him right problems in the auto industry.
Jamie Gorelick, a lawyer for Mr. Rattner, didn't respond to requests for comment.
WSJ: Hevesi 'Pay to Play' Guilty Plea Would Turn Attention to Rattner, Morris
Mr. Rattner met with the adviser, a person familiar with the matter said.
There are many flaws in the JOBS Act, and in particular the crowdfunding provision Mr. Rattner takes aim at.
Steve Rattner: (Reaches for a handkerchief to wipe the sweat from his brow).
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There have been settlement talks with Mr. Rattner but an agreement wasn't imminent, people familiar with the matter said on Wednesday.
WSJ: Hevesi 'Pay to Play' Guilty Plea Would Turn Attention to Rattner, Morris
The work undertaken at the lab would be citizen-led, Mr Rattner told the BBC, and was likely to include crowdsourcing data.
The benefit: Rattner could demonstrate a processor doing work while powered by a solar cell the size of a postage stamp .
Mr. Rattner is wrong to assume that the only beneficiaries of crowdfunding will be the same high-tech startups chased after by VCs.
As London is the world's fifth largest city, with a hugely diverse cultural population, it makes the perfect testbed, said Mr Rattner.
"In 2050, most of the nine billion people in the world will live in cities, " said Intel's chief technology officer Justin Rattner.
Quadrangle was founded by Steven Rattner, formerly vice chairman of Lazard Freres, along with three other executives from that firm, in 2000.
Mr. Rattner was drawn into the parallel state and federal investigations in connection with his work at his private-equity firm, Quadrangle Group LLC.
Others, like Steven Rattner, got into legal trouble when federal regulators and state prosecutors asked questions about how they raised pension fund money.
FORBES: Names You Need To Know in 2011: How Ontario Teachers' Pension Plan Schools Wall Street
Rattner had previously been the No. 2 executive at Lazard, but was displaced when the company merged its London, New York and Paris arms.
Mr. Rattner, who is no longer with Quadrangle, also helped arrange to distribute a low-budget movie, "Chooch, " produced by the brother of a pension official.
Many critics, including Steven Rattner in the NY Times recently, have written about the potential unintended consequences of the lifting on the ban on advertising.
Rattner said the advisory committee was essentially acting as a private equity group would in making a decision on how to invest in a company.
For this, Rattner settled with the SEC by paying a fine.
FORBES: Bans and Censures for Rattner and Rangel Respectively
As the lead advisor to the U.S. Treasury Department in restructuring bankrupt Chrysler and General Motors, Steven Rattner helped decide the fate of both companies.
Will comments from Booker and your former auto czar Steve Rattner that have criticized some of these advertisements call on you to pull back a little bit?
Steve Rattner (Weakly): But we saved a million automotive jobs.
FORBES: Rattner Delusional on Obama's Detroit Bailout? A Virtual Chris Wallace Interview
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