Series 79: Three-Year Records

Taken from our Series 79 Top-off Online Guide

Three-Year Records

The following records must be kept for at least three years:

  • Detailed ledgers or records of transactions other than securities sales, purchases, or transfers (e.g., dividends or interest received, loans of money or securities, and securities in transfer)
  • Memoranda of every order or other instruction given or received for the purchase or sale of securities, whether or not the order was executed
  • Memoranda of each purchase or sale for the account of the broker-dealer
  • Copies of confirmations of purchases and sales of securities and notices of debits and credits for customers and partners
  • Records of each cash and margin account
  • Records of options in which the broker-dealer has a direct or indirect interest or has granted or guaranteed
  • Records of any internal

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