Series 6: 7.5.3.5. Three-Year Records

Taken from our Series 6 Top-off Online Guide

7.5.3.5.  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. This memorandum must include the following:
  • » 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 on behalf of the customer
  • » Time of execution or cancellation
  • A memorandum of each purchase and sale for the firm’s account. This must show the same information as above.
  • Copies of customer confirmations and copies of notices of all other debits and credits for customer accounts.
  • Identification data on beneficial owners of all accounts. This must include the b

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