Series 24: Three-year Records

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.