Mutual Fund Org. Wants Strict Rules For Hedge Fund Advertising

Jun 1 2012 | 2:13pm ET

The Investment Company Institute, a mutual fund lobby group, has asked the Securities and Exchange Commission to limit advertising by hedge funds and private equity funds.

The JOBS Act, recently signed into law by President Obama, lifts the 78-year-old ban on publicizing private securities offerings and the SEC has been given 90 days from the Act’s becoming law to write new rules governing such advertising.


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