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News & Events

Media Articles

1/29/13 “For those struggling with CBR, fixed income has more taxable events than equities,” says George Michaels in Broker-Dealers Getting to Grips With Cost Basis Reporting, Markets Media.
1/16/13 AccountingToday discusses how TaxGopher+, G2’s new Cost Basis Reporting (CBR) Solution, can help firms comply with the fixed income and options phase of the CBR regulations, which take effect January 1, 2014. “G2 FinTech Debuts TaxGopher+ for Cost-Basis Reporting.”
1/15/13 Finextra, Bobsguide and TabbForum highlight the introduction of our new Cost Basis Reporting Solution, TaxGopher+. Check out TabbForum’s January 15th press release listing or visit our press release section.
1/15/13 More TaxGopher+ media coverage! WatersTechnology features G2 FinTech Bolsters Cost Basis Reporting Tool.
12/11/12 Another media outlet has begun covering G2! Based on our recently published white paper, Opportunity Knocks: Private Wealth Managers and Proactive Tax Services — Lessons Learned from the Hedge Fund Industry, FundFire recently asked G2 “How Do Alts Impact High-Net-Worth Tax Management?” If you do not subscribe to FundFire, you can read Opportunity Knocks by visiting the white papers section of G2’s Tax Analysis for Securities Transactions Resource Page.
11/16/12 BobsGuide highlights G2’s most recent press release G2 FinTech White Paper Examines How the Adoption of Alternative Investment Strategies by Private Wealth Managers Requires Sophisticated Tax Analysis. To read this white paper and others, please visit G2’s Tax Analysis for Securities Transactions Resource Page.
11/14/12 G2’s latest white paper, Opportunity Knocks: Private Wealth Managers and Proactive Tax Services — Lessons Learned from the Hedge Fund Industry, is featured in TabbFORUM. If you are not a TabbFORUM subscriber, please visit G2’s Tax Analysis for Securities Transactions Resource Page to read this and other white papers.
11/12/12 Enforcing existing tax shelter rules is a surefire way to collect more revenue, says George Michaels in Retirement Savings Tax Incentives in Danger Post Election, Pensions & Investments, another media outlet that has begun covering G2 FinTech.
11/12/12 Investment News, yet another media outlet that has begun covering G2 FinTech, interviewed George Michaels for Obama legacy hangs on deal. Says Michaels: “He may upset a lot of people on the left, but I think the president wants to leave a positive legacy, and unlike 2008, he has to work with the Republicans to achieve that.”
11/9/12 On the heels of his re-election victory, President Obama already has another fight on his hands: get Republicans to agree with his proposed tax reforms. George Michaels tells Accounting Today “Looking very closely at what Obama says, there are some things he has suggested that are not likely to go through. He wants to create a second AMT system, an AMT 2, to make sure everybody pays at least a 30 percent income tax, but that is not what Warren Buffett had suggested, and it’s not likely to go through,” says Michaels in Obama May Not Get His Way on Tax Policy.
9/12/12 News of our pre-trade wash sale report for TaxGopher is featured in TMCnews, another media outlet that has begun covering G2 FinTech.
9/10/12 RFP Connect, BobsGuide and Buy-Side Technology all feature our latest press release, G2 FinTech Adds Pre-Trade Wash Sale Analysis Functionality to TaxGopher®.
8/4/12 Albourne Village, a website for the Hedge Fund and Private Equity community, highlights G2’s formation of a strategic advisory board comprised of leading members of the tax, asset management, financial software and academic communities. If you are not a member of Albourne Village, read more here G2 FinTech Forms Advisory Board.
8/3/12 What do Mickey Mouse in the Disney movie, Fantasia, and Knight Capital’s out- of-control trading mishap share in common? Read what George Michaels, a former technologist at Morgan Stanley and Goldman Sachs and CEO of G2 Fintech says in What Went Wrong at Knight? Sell-Side Technology.
8/3/12 The Knight Capital IT mishap can have some very costly tax repercussions, says Michaels. “If they have $440 million in losses in 150 stocks for which they are market-makers on the NYSE, and actively trade on any of those stocks in the subsequent 30 days, they’re going to start triggering the wash sale left and right,” says George Michaels in Knight Debacle Calls for Regulatory Scrutiny and Caution, Buy-Side Technology.
8/1/12 We continue to get more new coverage! This time it’s from Opalesque, the daily hedge fund news service. Says George Michaels: “Because of the way the tax code is constructed, it is very difficult for professionals in wealth management to report tax information to investors and pay their own taxes accurately.” Read more in G2 FinTech forms tax management advisory board, advises managers to demand proof of performance from service providers
8/1/12 Our new advisory board will address several topics, including help with Tax Analysis for Securities Transactions and solutions for tax-related interactions with the IRS, CFTC and the SEC, says George Michaels in People Moves, FTF News.
7/31/12 Finextra and RFPConnect both feature our latest press release, G2 FinTech Forms Advisory Board.
7/25/12 Read about The Good, The Bad, and The Ugly behind getting ready for the last phase of the cost basis reporting requirements. The Bull Run, Financial Technologies Forum’s blog, features our latest blog: Preparing for Options and Fixed Income Cost Basis Reporting.
7/23/12 Thomson Reuters Accelus features G2's latest blog: Prepare now for options and fixed income cost-basis reporting.
6/25/12 “Wash, constructive, and short sales are very difficult to get right, and throwing in derivatives can get very ugly, fast,” says George Michaels in Automated CBR Software Helps Investors Count Their (Tax) Losses. Read more in Buy-Side Technology.
6/21/12 The message behind the CFTC’s suit against the RBC for using wash trades to dodge taxes is “if we find U.S. companies doing this, we’ll come down on you like a ton of bricks. This was a shot across the bow,” says George Michaels in RBC Suit Seen as Warning to U.S. Banks. Read more in American Banker.
6/19/12 When it comes to cost basis reporting and buying or building a solution, the ever increasing complexity of tax regulations will force more and more brokers to rethink internally developed systems, says George Michaels in CBR Rules Hit Home, FTF News.
6/15/12 G2’s latest white paper, Using Market Risk Concepts to Refactor Tax Shelters, is featured in TabbFORUM. If you are not a TabbFORUM subscriber, please visit G2’s Cost Basis Advisory Page to read this and other white papers.
6/15/12 Bobsguide and TabbFORUM both feature our latest press release, G2 FinTech White Paper Uses Market Risk Concepts to Clarify Murky IRS Tax Code.
6/5/12 The leading business pub, Forbes online, refers to George Michaels as a “wash sales guru” in Wash Sale Trap: What Is ‘Substantially Identical’?
5/31/12 Read what George Michaels writes about wash sales, ‘riskless’ transactions and private equity firms in Wash sales: A lurking issue in PE Manager, another pub that represents new coverage for G2!
5/19/12 High-net-worth investors need to be aware of the unintended tax consequences behind derivatives trades, comments George Michaels. Read Avoid Tax Surprises in Barron’s Penta, another media outlet that has begun covering G2 FinTech.
5/14/12 ISS-MAG, another media outlet that has begun covering G2 FinTech, consulted George Michaels when writing US Cost-Basis Reporting: Ten Steps to Prepare for the Final Lap. Read what Michaels says about Step 7, Verify: The accuracy of the 1099B documents.
5/11/12 The trend continues...more, different media outlets are covering G2 FinTech! CNBC.com, Yahoo! News, and the Chicago Tribune all feature George Michaels’ comments about JP Morgan’s $2 billion trading losses in JP Morgan may tip Wall Street’s hand on ploys to beat Volcker. Check out those websites or download a pdf of the article, which also ran in Thomson Reuters Accelus.
5/10/12 G2 is a finalist for the FTF News Technology Innovation Awards 2012. Read about it in FTF News. Subscribing to FTF News is free. However, if you are not a subscriber, you can read our press release.
4/23/12 The RBC tax fraud scandal continues to loom large. This week George Michaels offers tips to compliance officers so they can proactively spot trading activities of this ilk and avoid problems with the IRS. You can download a pdf of the article,Tax Evasion Abroad: Tip of the iceberg for compliance?, which ran in Thomson Reuters Accelus or you can read the article on Compliance Complete’s website.
4/20/12 G2 FinTech continues to broaden its coverage in the press. Check out our latest piece in FX-MM, a magazine covering subjects such as capital markets and funding, corporate financial management, risk management and technology issues, and hot topics like the Volcker Rule. Volcker Rule compliance--Differentiating between proprietary trading and market-making.
4/11/12 Read what George Michaels has to say about risk-management models and alternative asset managers in Institutional Investor’s New Risk Software Turns Postcrisis World on Its Head.
4/09/12 The Opinion and Analysis section of TabbFORUM features George Michaels’ Tax Evasion Overseas: Just the Tip of the Tax Iceberg?, a commentary on the CFTC’s suit against the Royal Bank of Canada for committing fraud by executing a series of riskless transactions. If you are not a TabbFORUM subscriber, click here to read our Commentary or go to our Commentaries and Videos section below.
4/05/12 George Michaels discusses hybrid tax straddles and dividend farms in Advanced Trading’s Did the CFTC Err in Accusing RBC of An Illegal Trading Scheme?
4/04/12 George Michaels is a guest contributor to The Bull Run, Financial Technologies Forum’s blog. The Silver Butterfly Case--Straddles 101: Why tax straddles are important to a tax-aware portfolio strategy.
3/29/12 Having traders stare at screens all day is just for pumping up the ego of the hedge fund owner, say George Michaels. Read more of this exclusive interview titled Hedge Fund Trading Desks Are Just Window Dressing in Advanced Trading, which also features Michaels in its “Top Quotes of the Week.”
3/29/12 When it comes to complying with Form PF, there is no silver bullet, warns George Michaels in Form PF Will Be a Painful Burden for Hedge Funds, featured in both Advanced Trading and in Wall Street & Technology.
3/22/12 Bobsguide and RFP Connect both feature our latest press release, FinTech’s TaxGopher® Chosen as Finalist in the FTF News Technology Innovation Awards 2012.
3/16/12 Thomson Reuters Accelus features George Michaels’ simple, yet powerful approach to enforcing the proposed Volcker Rule. Distinguishing between proprietary trading and market-making--a cheat sheet.
3/1/12 Bobsguide features our latest press release: G2 FinTech Announces Continued Sponsorship of Hedge Funds Care in 2012.
2/21/12 “In order to run accurate and audit-ready tax analyses, firms need to understand how straddles gains and losses affect wash sale calculations,” says George Michaels in Back in the Straddle Again, featured in Markets Media.
2/17/12 BobsGuide highlights G2’s most recent press release G2 FinTech Publishes Groundbreaking Straddles White Paper: Tax Implications of Straddles. To read this and other white papers, please visit please visit G2’s Cost Basis Advisory Page.
2/17/12 G2’s latest white paper, Tax Implications of Straddles, is featured in TabbFORUM. If you are not a TabbFORUM subscriber, please visit G2’s Cost Basis Advisory Page to read this and other white papers.
2/7/12 “The IRS says even if you turn in those 1099-B forms that are solely TARP compliant, that does not let you off the hook for tax evasion. Just like Al Capone, you could find yourself in federal prison,” says George Michaels in New Headaches for the Tax Season, featured in FTF News.
2/1/12 FTF News features our blog: The Reconciliation Trifecta: Workflow Efficiency, Wash Sale Reporting Accuracy and Cost Basis Compliance. If you are not an FTF News subscriber, you can read our Tax & Compliance Blog.
1/25/12 “Investment Managers and Hedge Funds must prioritize their action plans for Cost Basis Reporting, Form PF and FACTA. The alternative is to pay a heavy price,” writes George Michaels in Hedge Fund Tax Headaches and How to Avoid Them featured in TabbFORUM.
1/10/12 “All those Internet start-ups that have cloud or social media are flush with money and they’re out there hiring the best and brightest, which makes it really hard for Wall Street to get them,” George Michaels says in Traders Face Weak Hiring Prospects in 2012 featured in Wall Street & Technology.
Click here for previous coverage

Press Releases

1/15/13 G2 FinTech Launches TaxGopher+
11/13/12 G2 FinTech White Paper Examines How the Adoption of Alternative Investment Strategies by Private Wealth Managers Requires Sophisticated Tax Analysis
9/10/12 G2 FinTech Adds Pre-Trade Wash Sale Analysis Functionality to TaxGopher®
7/31/12 G2 FinTech Forms Advisory Board
6/13/12 G2 FinTech White Paper Uses Market Risk Concepts to Clarify Murky IRS Tax Code
3/21/12 G2 FinTech’s TaxGopher® Chosen as Finalist in the FTF News Technology Innovation Awards 2012
2/29/12 G2 FinTech Announces Continued Sponsorship of Hedge Funds Care in 2012
2/15/12 G2 FinTech Publishes Groundbreaking Straddles White Paper
10/19/11 G2 FinTech Adds Qualified Dividend Functionality to TaxGopher®
8/24/11 G2 Systems Publishes White Paper on Prospective Wash Sales
7/18/11 G2 Systems Publishes Mutual Fund White Paper on Wash Sale Reporting
4/11/11 G2 Systems Upgrades Wash Sale Tax Analysis Product
3/16/11 G2 Systems Opens London Office
9/20/10 G2 Systems Announces Global ‘Smart-Sourcing’ of Geneva® Services with Leading IT Consulting Firm GFT
6/21/10 G2 Systems Adds New Functionality to its Leading Tax Analysis Tool TaxGopher® to Identify Constructive Sales and Report Taxable Gains.
Click here for previous announcements

Events & Panel Discussions

3/7/13 Hedge Funds Care 15th Annual New York Open Your Heart to the Children Benefit Cipriani - New York, NY

We look forward to attending this year’s New York gala.
1/31/13 NYC - Hedge Funds Care Cocktails & Commentary
Hedge Fund Outlook 2013: Perspectives for the Buyer & Seller

The Pierre Hotel - New York, NY

G2’s Brian Roberti once again found the brief but powerful opening remarks of Executive Director & CEO of Hedge Funds Care (HFC), Dr. Kathryn Conroy, to resonate: with the message that the monies contributed by members of the hedge fund community for events like this one go towards effectively reducing the uncertainty in an abused child’s life — by funding HFC’s good works to help prevent & treat child abuse. Mr. Roberti also found the expert panel from Schulte Roth & Zabel LLP and Grant Thornton LLP to be ready and articulate educators on the topic of Hedge Fund M&A — those two firms co-sponsored the event, which closed with a lively cocktail & networking hour at the Pierre Hotel, where it turns out HFC had it’s very first NYC dinner / fund raiser 15 years ago!
1/23 & 1/24/2013 Hedge Fund Tax 101 and The K-1 Boot Camp
The Princeton Club, New York City

George Michaels introduced TAST (Tax Analysis of Securities Transactions) as a panelist on the topical session that followed lunch on the 23rd. He asserted the TAST acronym was far better than one constructed from the session title: Taxation of Investment Transactions and Financial Instruments: Part 1. George proceeded with aplomb to help lead a lively discussion about Wash Sales, Constructive Sales and more with his co-panelists from Chilton Investment Company and Ernst & Young LLP.

The G2 Team enjoyed serving as co-sponsor of this event and having the opportunity to meet many Hedge Fund tax practitioners from across the country.
11/14 & 11/15/2012 14th Annual Conference on Effective Hedge Fund Tax Practices
The Princeton Club, New York City

George Michaels spoke about Working Through the Intricacies of Cost-Basis Reporting Rules. Given the constant influx of regulations and increased surveillance on the part of the IRS, this conference was very worthwhile. We enjoyed seeing some of our clients and re-connecting with colleagues.
11/15/12 Open Your Heart to the Children, 7th Annual Hedge Funds Care Northeast Benefit Boston Children’s Museum - Boston, MA

We regularly attend this event and are disappointed that we will be unable to attend this year’s New England gala.
10/3/12 Hedge Funds Care’s Annual Fall Fête
40/40 Club - NYC, NY

Fresh off a visit to Hedge Fund Care’s Open House earlier this week, Brian Roberti joined a packed house in Jay-Z’s 40/40 Club for this high-energy event.
9/10-12/12 AdventConnect: Las Vegas 2012
Bellagio Resort - Las Vegas, NV

“This was a good networking event for G2. We connected with our clients, prospective clients, and other financial films/exhibitors, as well as many members of the Advent team. Read our blog and see how we really think!”
6/21/12 NYC - Hedge Funds Care Cocktails & Commentary
Sofitel - New York, NY

G2’s Brian Roberti enjoyed attending this HFC event and was impressed by the Executive Director and CEO of HFC, Dr. Kathryn Conroy’s opening remarks on the pervasiveness of child abuse and HFC’s good works to help prevent & treat child abuse. Mr. Roberti also found the panel of hedge fund industry experts addressing the topic Under Pressure: Fees, Liquidity and Beyond, which was sponsored by Rothstein Kass, knowledgeable and insightful.
4/19/12 11th Annual San Francisco Open Your Heart to the Children Benefit
The Bently Reserve - San Francisco, CA

Once again, G2 enjoyed time with clients and colleagues at HFC’s annual San Francisco gala. Meeting members of the 49ers organization and sampling wine from local wineries was fun as well!
4/11/12 NYC - Hedge Funds Care Cocktails & Commentary
Deutsche Bank - New York, NY

Brian Roberti attended this HFC event hosted and sponsored by Deutsche Bank. A lively panel discussion about The Importance of Administration Analytics - Form PF, FATCA and Beyond took flight, and was followed by equally lively networking with the other attendees.
3/01/12 14th Annual New York Open Your Heart to the Children Benefit
Cipriani - New York, NY

G2 continues to support Hedge Funds Care. George Michaels and Brian Roberti were excited to connect with clients and colleagues at this premier event.
10/11/11 BNP Third Annual CFO/COO Hedge Fund Summit
The Plaza Hotel - New York, NY

George Michaels spoke at the Changing Trends in Hedge Fund Technology discussion.
9/12-14/11 Advent Connect: Boston 2011
Hynes Convention Center - Boston, MA

Our clients visited us at our booth (#22) and George Michaels participated in the Coping with New Regulations: Form PF, FACTA, Cost Basis... panel.
5/23-25/11 Advent Connect: Barcelona 2011
Hotel Rey Juan Carlos I - Barcelona, Spain

We enjoyed catching up with clients at booth #2.

White Papers, Blog & Articles

For in-depth discussions on tax analysis for securities transactions, read our White Papers. Go to G2’s Resources section, a compilation of practical reference material on key tax concepts and terms, including wash sales, constructive sales, straddles, qualified dividends, substantially identical and offsetting position.
Read our comments on the tax code, regulatory mandates and securities trading in our Tax & Compliance Blog.
Tax Reform and Compliance Reporting Cause a Stir for the Alternative Investment Community: Cost Basis Reporting, Form PF and FATCA by George Michaels, discusses the need for investment managers and hedge funds to have a clear and actionable plan in place in order to comply with the complex issues these requirements present. Both Registered Rep and Accounting Today ran this article. 1/20/12
One Size Doesn’t Fit All Hedge Funds by Brian Roberti, director, sales and marketing, examines how to mitigate the risks faced by hedge fund managers when selecting a business-critical system. 6/9/11
Requiem for Paper Information Statements by Rutgers University Business School professor Jay A. Soled with assistance from Prof. Joseph Bankman, tax historian Joseph J. Thorndike, and computer specialist George Michaels. Originally published in Tax Analysts. Thoughtful review of the role of paper information statements and their retirement in favor of electronic media. 8/9/10

Commentaries & Videos

Commentary: The CFTC is suing the Royal Bank of Canada for tax fraud. In Tax Evasion Overseas: Tip of the Iceberg? George Michaels sheds some light on why a U.S. entity could never get away with these alleged activities.
Commentary: George Michaels offers a simple, yet powerful approach (Michaels Metric) to enforcing the proposed Volcker Rule. Read the commentary letter we sent to Washington on 1/24/12. You can also read what Traders Magazine has to say about the Michaels Metric in Independent Voice Offers Solution to Volcker Rule ‘Problem,’ 2/24/12.
Hot Tax Issues for 2012, a TabbFORUM video, features George Michaels discussing the different options hedge funds have to comply with more aggressive IRS tax code.
A Global Custodian video made at SIFMA, June 2011, features Brian Roberti and spotlights G2.
Watch a TabbFORUM video and learn what George Michaels says about tax compliance and hedge funds.
Check out George Michaels in this TabbFORUM video and hear what he says about the new ways hedge funds are examining portfolio risk.
Watch a video of George Michaels talking about his deep experience with Geneva's thorough instrument cover on Advent's website.