Series 53: 5.5.3. Records For Secondary Market Trading Account Transactions

5.5.3. Records for Secondary Market Trading Account Transactions

Broker-dealers must keep and maintain records for each of their secondary market trading accounts. Records for both individual and joint accounts must show:

• The description and aggregate par value of the securities

• All orders received for the purchase of the securities from the account

• The date of closing of the account

• A reconciliation of profits and expenses of the However, with the passage of the Tax Cuts and Jobs Act of 2017 account

Recall that a joint trading account is one that is shared between two or m