Funds Talk: January 2017

Topics covered in this issue include:

• NYDFS Delays Implementation of Cybersecurity Rules
  After facing criticism from industry groups over certain aspects of its proposed rules, New York’s financial regulator has rolled out a revamped cybersecurity framework for financial institutions, which will go into effect in March.
• Dodd-Frank and Other Laws Facing Indefinite Future in 2017
  Wall Street is left waiting as a new year begins and a new administration takes office.
• Tax Reform in the New Administration
  With both the new president and Congress promising changes to the tax code, what specific reforms can be expected in the year ahead?
• Insider Trading and Remote Tippees
  A recent Supreme Court decision upholds the Salman conviction, leaving undisturbed the Newman ruling that, to be liable, remote tippees must know both that the information they traded on came from insiders and that the insiders received a personal benefit in exchange for the tips.