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SEC proposing to eliminate ban against hedge funds advertising to general audience

from The Associated Press via The Washington Post

Hedge funds would be allowed to advertise to the general public under a proposal put forth recently. The Securities and Exchange Commission voted 4-1 to seek public comment on the proposal, which would formally lift a ban on hedge funds marketing their investments to a wide audience. The public has 30 days to comment, after which the SEC will likely take a final vote. more

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