The Securities and Exchange Commission is set to lift a longstanding ban on hedge fund advertising, reports FINalternatives.
The Securities and Exchange Commission is set to lift a longstanding ban on hedge fund advertising, reports FINalternatives.
“The regulator will vote on a much-delayed proposal to allow solicitation for private offerings, including hedge funds, on Wednesday. It is all but certain to be approved, with the support of Chairman Mary Schapiro, the SEC’s two Republican members and possibly a second Democratic vote,” the report says.
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