His father is a managing director for institutional securities sales at Smith Barney.
His father works in Rochester as a vice president for securities sales and trading at Wachovia.
And has it seen outflows that are likely to prompt securities sales?
Despite new multiple rates and holding periods for long-term capital gains, securities sales are an important matter to consider before the end of the year.
It did not declare any income from the securities sales.
Because that return did not disclose any information about the 1985 securities sales, it was materially false.
The current plan would tax 20 percent of the profits from securities sales.
The company said the loss included $20.4 million in gains from securities sales.
In calculating the tax on securities sales, the chief task is determining when and at what price the shares were acquired.
Otherwise, long-term securities sales are taxed at a maximum rate of 20 percent.