Mandatory cost-basis reporting for mutual funds and dividend reinvestment plans "really touches everything in the organization, according to Ellen Bocina, vice president of product development at Fidelity Investments.

Ellen Bocina, Vice President, Product DevelopmentFidelity Investments The new rules, which take effect on January 1, impact "virtually every system" in a mutual fund or other securities firm, Bocina said at a cost-basis reporting session at the National Investment Company Service Association's 29th Annual Conference & Expo.

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