Pressure appears to be mounting to repeal or relax the ban on general solicitation and general advertising applicable to hedge funds engaged in domestic private placements.  That ban has significantly constrained the ability of hedge fund managers to communicate with potential investors and others, but its repeal may have unanticipated consequences.  The impetus for the potential repeal comes from at least four quarters.  This article explains the mechanics of the ban; the four sources of pressure for a repeal; and the potential implications of a repeal for hedge fund managers, investors and others.