SEC set to lift ban on hedge fund ads

The Securities and Exchange Commission is set to lift a longstanding ban on hedge fund advertising, reports FINalternatives.

Read: SEC charges hedge fund managers with fraud

“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.

Read more here.

Also read:

Are hedge funds suitable for the average investor?

Why valuing hedge funds is tricky

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.