Securities Technology Monitor: Fund Firms Face Costs of Cost-Basis Reporting

Securities Technology Monitor: Fund Firms Face Costs of Cost-Basis ReportingCameron Routh talks about the issues mutual funds have to address in cost basis reporting in a recent Securities Technology Monitor article.

“Mutual fund platforms were coded to provide only average cost accounting and now they will have to adjust to a variety of cost-basis methodologies,” says Cameron Routh, senior vice president of strategic products at Scivantage, a technology provider in Jersey City, NJ. “They must also be able to segregate between eligible and non-eligible accounts under the new regulations as well as covered and non-covered activity within the eligible accounts.”

To read the full article, click here.

Posted in Basis reporting legislation, Cameron Routh, Cost Basis, Scivantage Maxit and tagged , , .