Series 7: 14.8.5 Three-Year Records

14.8.5  Three-Year Records

Most other records must be retained for three years. They include:

• • The three types of public communications discussed in Chapter Eleven (retail communications, institutional communications, and correspondence). These must be kept for three years from the date of last use.
• • A memorandum of each brokerage order given or received for the purchase or sale of securities for customer and firm accounts.
• • A memorandum of each purchase and sale for the firm’s account. This must show the same information as previous.
• • 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 beneficial owners’ names and addresses.