Series 27: Records And Reports Preservation

Taken from our Series 27 Online Guide

Records and Reports Preservation

Finally, the Bank Secrecy Act mandates that all reports and documentation related to Monetary Instrument Logs, Currency Transaction Reports, and Suspicious Activity Reports be kept on file for five years from the date of the filing.

To facilitate compliance with these rules, FINRA Rule 3310 requires member firms:

• To designate and identify to FINRA an individual responsible for implementing and monitor

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