Three-Year Records
Most other records must be retained for three years. They include:
- • A memorandum of each brokerage order given or received for the purchase or sale of securities for customer and firm accounts, which must include this information:
- » Terms and conditions of the order
- » Account for which it was entered
- » Time the order was received
- » Time of entry
- » Price at which executed
- » Identity of each associated person, if any, responsible for the account
- » Identity of any other person who entered or accepted the order for the customer
- » Time of execution or cancellation
- • A memorandum of each purchase and sale for the firm’s account
- • Copies of customer confirmations and copies of notices of all other debits and credits for customer accounts
- • A record of each cash and margin account, indicating the name and address of the beneficial owners and the beneficial owners’ agreement or refusal to allow the disclosure of their identity, address, and securities positions to issuers