Series 24: Three-year Records

Taken from our Series 24 Online Guide

Three-year Records

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

  • 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. This must show the same information as above.
  • 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.

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