Three-Year Requirement
Most other records must be retained for three years. They include:
•Communications with the public, including retail and institutional communications and correspondence
•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; must show the same information as above
•Copies of customer confirmations and copies of notices of all other debits and credits for customer accounts
•Authorization records to draw funds from a c