Series 7: 3.6.8 Rule G-8—Books And Records Required Of Municipal Broker-Dealers

3.6.8  Rule G-8—Books and Records Required of Municipal Broker-Dealers

All municipal broker-dealers and municipal advisors must make and keep current an exhaustive list of books and records. They include (1) records of original entry (itemized daily record of purchases and sales and receipts and deliveries of municipal securities); (2) account records for each customer account and accounts of the broker-dealer; (3) securities records showing separately for each municipal security all positions carried by the broker-dealer for its account or for the account of a customer; (4) subsidiary records itemizing municipal securit