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BlackRock, Phil Goldstein weigh in on JOBS Act

The comment period for the SEC’s proposal to allow hedge funds to advertise has ended; industry people are in favor but others, including William Galvin, are concerned about investor protection.

       Barbara Novick, BlackRock (Bloomberg)While politicians, journalists and pundits have hotly debated the merits of a provision of the Jumpstart Our Business Startups Act — the one that would allow hedge funds to advertise to potential clients — hedge fund managers themselves have preferred to talk about the issue behind closed

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