Cost Basis Whitepaper - Turning Compliance Into An Opportunity To Improve Your Business
Beginning Jan. 1, 2011, cost basis reporting becomes mandatory for all brokers executing transactions that involve publicly traded securities. You must address network and data issues now if you are to ensure future compliance with the regulations. You can risk both customer service disruptions and significant tax penalties if you are unprepared to assess and address current system needs.
Cost basis reporting is more than a compliance requirement, however. It presents firms with the opportunity to influence and improve business efficiency, supporting networks, transparency and client service. In SunGard's white paper, Cost Basis - Turning Compliance Into an Opportunity to Improve Your Business, the various approaches and methods for uncovering and taking advantage of hidden opportunities to improve your overall business are discussed.
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