The Financial Crimes Enforcement Network ("FinCEN") issued final anti-money laundering ("AML") regulations that now require Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks (collectively, the housing government sponsored enterprises or "GSEs") to develop programs to prevent money laundering. The regulations also require the housing GSEs to file suspicious activity reports ("SARs") directly with FinCEN, as opposed to their regulator, the Federal Housing Finance Authority ("FHFA"). FHFA will be responsible for monitoring the housing GSEs' compliance with the new rules. The housing

The CFTC Divisions of Clearing and Risk, Market Oversight, and Swap Dealer and Intermediary Oversight issued a no-action letter to Southwest Power Pool, its members and certain of its Integrated Marketplace participants, allowing them to continue to operate while the CFTC considers a petition filed by Southwest Power Pool in October 2013. The petition requested exemptive relief pursuant to CEA Section 4(c)(6) from certain CEA provisions and CFTC rules for specified transactions that are offered or entered into pursuant to Southwest Power Pool's FERC-approved tariff. These transactions are to

The CFTC issued a letter to ASX Clear (Futures) Pty Limited ("ASXCLF") regarding its compliance with the condition to the no-action relief granted by the Division of Clearing and Risk on February 6, 2014, which stated that ASXCLF must comply with the reporting obligations applicable to registered derivatives clearing organizations ("DCOs") under CFTC Rules Part 45 ("Swap Data Recordkeeping and Reporting Requirements"). According to the letter, if an ASXCLF clearing participant clears a swap ("alpha swap") through ASXCLF that has been reported to a CFTC-registered swap data repository ("SDR")

The SEC Office of Investor Education and Advocacy issued a bulletin to educate investors as to how fees can impact the value of an investment portfolio. The SEC stated that, although fees seem small initially, over time, they have a major impact on an investor's portfolio. The SEC described different types of fees, provided several recommendations and urged investors to scrutinize fees when choosing a financial professional or a particular investment. See: SEC Investor Bulletin.

The SEC issued a no-action letter under section 17(e)(1) of the Investment Company Act permitting an affiliate of Nuveen Investment Funds, Inc., an SEC-registered investment company, to act as securities lending agent for certain series of the fund (the "Lending Funds"). The letter permitted the affiliated lending agent to negotiate rebate rates on behalf of the Lending Funds in accordance with guidelines adopted by the lending agent. See: SEC No-Action Relief to U.S. Bank National Association.