Series 99: 2.4.2 Six-Year Records

2.4.2  Six-Year Records

Records associated with blotters, ledgers, and securities must be retained for six years. These items may be defined as follows:

Blotters. These daily records (“records of original entry”) contain itemized reports of all purchases and sales of securities; receipts and deliveries of certificates; receipts and disbursements of cash; and all other debits and credits. A securities blotter is a daily record of securities transactions. For each transaction (purchase or sale of a security), it must record:

• • Trade date
• • Settlement date (suggested)
• • Account identification—owner’s name and/or number of the account
• • Number of shares or principal amount (in the case of bonds)
• • Description of the security (CUSIP number also suggested)
• • Unit price—price per share at which the transaction was executed
• • Aggregate price—the total sale or purchase price