Series 53: Six-Year Minimum Requirement

Taken from our Series 53 Online Guide

Six-Year Minimum Requirement

Brokers, dealers, and municipal securities dealers must preserve the following records for a period of not less than six years:

  • Blotters
  • General ledgers and customer ledgers
  • Securities records
  • Records concerning primary offerings (e.g., underwriting agreement, syndicate letter)
  • Records of customer complaints
  • Financial records subject to the net capital rule
  • Written record of all designated Municipal Securities Principals and their responsibilities
  • Political contributions records
  • Records of gifts and gratuities

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