FINRA issued an investor alert titled "Frontier Funds - Travel with Care." The alert cautions investors who are interested in frontier markets to consider carefully the heightened risks in these markets. The notice explains that, while there is no precise definition of a frontier market, frontier funds invest generally in companies located in countries with developing securities markets, such as Argentina, Lebanon, Nigeria, Slovenia and Vietnam. Additionally, the alert provided tips for investors to consider before investing, which included the following: know which frontier markets the fund

The Consumer Financial Protection Bureau ("CFPB") and the Board of Governors of the Federal Reserve System ("FRB") published final rules amending the official interpretation of and commentary on the agencies' regulations that implement the Consumer Leasing Act ("Regulation M") and the Truth in Lending Act ("Regulation Z"). Dodd-Frank amended both acts by requiring that the dollar threshold for exempt consumer leases and consumer credit transactions be adjusted annually by a percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers ("CPI-W"). Based on the

The SEC announced the creation of a new office within the Division of Economic and Risk Analysis ("DERA") that will coordinate efforts to provide data-driven risk assessment tools and models to support a wide range of SEC activities. According to the SEC, the Office of Risk Assessment will continue to develop and use predictive analytics to support supervisory, surveillance and investigative programs involving corporate issuers, broker-dealers, investment advisers, exchanges and trading platforms. It will also support the SEC's ongoing work related to FSOC. The SEC stated that staffing for the

The Office of the Comptroller of the Currency issued a notice soliciting comments on a revision to its information collection process. The request for comment involves a regulatory reporting requirement for national banks and Federal savings associations titled "Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $50 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act." Comments must be submitted by November 10, 2014. S ee: 79 FR 53835.

At the Hedge Fund Management Seminar, SEC Division of Investment Management Director Norm Champ delivered remarks regarding the current state of the hedge fund industry, compliance issues for hedge fund advisers, and alternative mutual funds. According to Mr. Champ, the regulatory landscape for hedge fund managers has changed greatly over the past few years, and the number of SEC-registered private fund advisers has increased by more than 50 percent. Mr. Champ stated that the SEC has improved its information on private funds as a result of improvements to Form ADV and Form PF, and that it is