An update. In the letter I received they offered to reimburse me for purchasing a third party software. I called and they recommended Tradelog. I purchased and I am very impressed. I'd definetly recommend everyone take them up on the offer for the free software!
From what I see Tradelog is...
I'm an active trader with Fidelity and I just received a letter that I have exceede their storage limitations for cost basis information. I was a bit suprised, first time for me to have this problem. They say they can't report the cost basis for some securities because I traded so many times...