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MarketWatch – Rep. Patrick McHenry (R-N.C.) is a vocal supporter of a proposal to sweep away restrictions on hedge-fund advertising

No one might have expected it, but one of the most controversial proposals in the recent Jumpstart Our Business Startups — or JOBS — Act, is to lift the decades old ban on hedge-fund advertising. The bill, which passed with big majorities in both houses in Congress and was signed by President Obama in April, was touted as a way to create jobs.

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