The presenters of our Cost Basis Reporting webinar back in June weren’t too far off in their predictions. Less than three months before the first phase of the new Cost Basis Reporting law is scheduled to go into effect, the IRS at long last decided to release the final requirements. Aside from adding yet another
Corporate Actions
Corporate Actions: There’s an App for That
Guest Contributer:Gerard Bermingham, VP of Product Strategy, Information Mosaic In the past decade, developments in technology have helped automate at least some of the areas of corporate actions processing. The evolution of XML-based middleware applications, for example, has assisted in the automation of data comparison functionality. In its pursuit of the elusive “golden copy” announcement,
Regulation
Quit While You’re Ahead? Or Maybe While You’re Behind?
Every morning I read the news and every day the Global Economy becomes more of a puzzle than the day before. Have you ever been putting a puzzle together just to come to the end and realize one piece is missing!? That’s what reading up on the economy is like for me. It seems I
Dodd-Frank
Will Wall Street Leave Home?
I came across a blog article recently that posed a thought provoking and potentially frightening question, “How long will Wall Street stay in America?” Being that the Wall Street business is the business we are in, as well as our clients, I thought it was something I should read. According to the author, Robert Reich,
Wall Street
Movie Review: Wall Street – Money Never Sleeps
Last Friday, the FTF team decided to cut out of work a LITTLE early to see an educational film: “Wall Street: Money Never Sleeps,” and we definitely give this film 2 thumbs up. The film was extremely interesting and captured that part of Wall Street no one likes to talk about. It played up what
Derivatives
The Golden Vending Machine
Vending machines that dispense gold may be making their way to the U.S. A company named Gold to Go has hopes of installing a “couple of hundred” machines in the upcoming year according to an article on CNBC.com. Already, these vending machines can be seen at the Dubai Airport and major hotels and banks throughout
Back-Office
The Devil in the Data, An Evolution that Won’t Be Televised
Guest Contributer:John Avery, Partner, SunGard Transparency, Efficiency and Networks (TEN) were three of the key themes for SunGard in 2010, and it’s no coincidence that this is the same year that the greatest set of reforms in generations became law in the US and will soon become law in other jurisdictions. With this new regulatory
Back-Office
SEC Proxy Access Rule Challenged
The SEC is making headlines yet again. Last week they were in the news for the careless manner in which they handled the Madoff investigations, and they are back again this week getting sued by the 2 largest business lobbying firms in the country. us chamber of commerceThe U.S. Chamber of Commerce and the Business
Wall Street
Join the Letters of Wall Street Challenge
Join the FTF Letters of Wall Street challenge! Because Wall Street is not often WYSIWYG, I thought it would be fun (and challenging) to come up with a list of Wall Street’s most frequently used acronyms. I was able to think of 44 without TME, but I’m looking for a challenger to come up with
Financial Crime
Is the SEC to Blame?
Recently, The Litwin Foundation filed a suit against the SEC for carelessness and their inability to expose Bernie Madoff and his $65 billion Ponzi scheme. The Foundation is looking to recover at least $19 million in damages against the SEC. Currently, government agencies are protected by “sovereign immunity”, but should they be? Did the SEC
