SEC officials raise concerns about lifting advertising ban (Headlines)
According to a report by Reuters two U.S. securities regulators on Thursday said more safeguards for investors should be considered before a rule lifting the ban on general advertising for private offerings is adopted, with one going so far as to call for a complete re-write of the proposal.
Franklin Templeton completes purchase of K2 Advisors (Fund News)
Investment firm Franklin Templeton Investments announced last week that it has completed the purchase of a majority stake in fund of hedge funds manager K2 Advisors.