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US hedge fund industry pushing derivatives regulator to lift ad ban

Reuters – The U.S. hedge fund industry is making a fresh lobbying push to convince the federal derivatives regulator to remove a hurdle that could prevent private funds from advertising to new investors through television, the Internet or other channels.

The concern is that the Commodity Futures Trading Commission has outdated rules on its books that conflict with a 2012 law that lifted an 80-year-old ad ban for hedge funds and other private investment vehicles.

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