Series 53: 6.3.3.2. Six-Year Minimum Requirement

Taken from our Series 53 Online Guide

6.3.3.2. Six-Year Minimum Requirement

Brokers, dealers, and municipal securities dealers must preserve the following records for a period of not less than six years:

Blotters

General ledgers and customer ledgers

Securities records

Records concerning primary offerings (e.g., underwriting agreement, syndicate letter)

Records of customer complaints

Financial records subject to the net capital rule

Written record of all designated Municipal Securities Principals and their responsibilities

Political contributions records

Records of gifts and gratuities and compensation

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