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What SEC chief needs to OK hedge fund ad rule

MarketWatch – Observers say the new chairman of the Securities and Exchange Commission can succeed at brokering a deal to relax decades-old rules that have kept hedge funds, buyout shops and small businesses from publicly advertising, even with a deadlocked agency.

At issue is an SEC proposal introduced in August that, if approved, would let them solicit investors publicly through the Internet, cold-calls, mailings and other means.

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