SEC Chair Mary Jo White spoke at the Managed Funds Association Outlook 2013 Conference, focusing on the importance of transparency in the hedge fund industry. According to Chair White, managed funds, including hedge funds, have a duty to be more transparent now that JOBS Act, which lifted the general ban on public solicitation, has come into effect. As a result, she said that hedge fund managers must now speak openly and frankly with investors, as well as share more information with the regulators. In the latter regard, she said that the SEC was seeking more information about the hedge fund

CFTC Commissioner Bart Chilton delivered a speech about future CFTC initiatives at the American Gas Association Energy Market Regulation Conference. The speech was generally a restatement of various positions that the Commissioner has previously asserted, including his belief that there should be greater regulation of "massive passives," high-speed traders and banks. As a unifying theme of his speech, Commissioner Chilton recited various events that had occurred on October 3rd in recent years, including that the Roy of Siegfried and Roy had been injured, which Commissioner Chilton linked to

CFTC Commissioner Bart Chilton spoke before the Society of American Business Editors and Writers about the financial industry regulatory environment while displaying his familiarity with the oeuvre of Bruce Springsteen. Commissioner Chilton began by criticizing the free-market approach during the "Decade of Deregulation" between 1997 and 2007, which created some " Rocky Ground". He explained that while Dodd-Frank provided much-needed regulation and safeguards for the financial industry, or what Chilton referred to as the "Better Days"; one problem that persistently remains "Across the Border"

Various federal agencies including The Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve System ("FRB"), the Federal Deposit Insurance Corporation ("FDIC"), the U.S. Securities and Exchange Commission ("SEC"), are seeking comment on a notice of proposed rulemaking that would implement the credit risk retention requirements pursuant to Exchange Act Section 15G ("Credit Risk Retention") as added by Dodd-Frank Section 941 ("Regulation of Credit Risk Retention"). The new rule proposal would replace the original proposal published on April 29, 2011

The Securities Industry/Regulatory Council on Continuing Education (the Council) released the semi-annual Firm Element Advisory (FEA). FINRA has made available the following online training resources: E-Learning Courses: Online training featuring assessment tests, scenarios, real-time completion tracking and certificates of completion (see www.finra.org elearning). Podcasts: Short audio recordings on specific targeted topics, which can be heard online or downloaded to a portable media player (see www.finra.org podcasts). The Council produces the FEA to identify regulatory and sales practice