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. This must include the
