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Article: GainsKeeper's Enhanced Short Sale Automation Ready Now for New Cost Basis Reporting Law.
- Article from:
- Business Wire
- Article date:
- October 15, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Latest Addition to Industry-Leading Automated Tax-Based Financial Tools Helps Brokerages Comply With New Cost Basis Requirements
WALTHAM, Mass. -- GainsKeeper[R], a part of Wolters Kluwer Financial Services, today announced that it has added enhanced short sale tax functionality to its suite of automated tax-based financial tools and services.
The Securities and Exchange Commission's (SEC's) short sale ban on financial stocks, which was effective on Sept. 19, 2008, was lifted last week on Oct. 8. As a result, investors and brokerages are no longer generally prohibited from engaging in the short sales of such stocks.
GainsKeeper's enhanced short ...