Something else interesting that's happening is that this week, starting today, Facebook will allow any user to see what ads are running for a particular brand on its platform. This not only be very transparent to users but for marketers will be a way to do competitive tracking. All you have to do is go to the page of the brand you'd like ad information on, click on "Info and Ads" to see any running ads.
For more information on Facebook policies, ads that were rejected see links here:
http://adage.com/article/digital/facebook-hits-walmart-p-g-political-ads-warning/314083/
https://www.facebook.com/policies/ads/#
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