The Morning Brief: BlackRock, JPMorgan Chase could be early JOBS Act Winners

In today's Morning Brief:

-BlackRock and JPMorgan Chase could be early winners when hedge funds and other alternative investment firms are finally permitted to advertise under the JOBS Act.

-Activist investor Clinton Group said Wet Seal reneged on an earlier deal to give it majority control of the board.

-The Securities and Exchange Commission charged hedge fund managers at two different firms with lying to clients about how they handled investors’ money.

-IndexIQ on Thursday plans to roll out The IQ Hedge Market Neutral Tracker ETF, a fund-of-funds designed to replicate the returns of several hedge funds employing a market-neutral strategy.