CFTC OKs Hedge-Fund Advertising

The U.S. Commodity Futures Trading Commission yesterday removed one of the last hurdles to hedge-fund advertising.

The regulator voted to ease restrictions on marketing private offerings. The move brings the CFTC into line with new rules adopted last year by the Securities and Exchange Commission at Congress’ behest.

But hedge funds that use some derivatives, regulated by the CFTC, were still restricted by its rules, and few have taken advantage of their new rights under the SEC regulation.

Hedge-funds planning to advertise will have to file a notice with the CFTC.