Series 27: Records And Reports Preservation

Taken from our Series 27 Online Guide

Records and Reports Preservation

Finally, the Bank Secrecy Act mandates that all reports and documentation related to Monetary Instrument Logs, Currency Transaction Reports, and Suspicious Activity Reports be kept on file for five years from the date of the filing.

To facilitate compliance with these rules, FINRA Rule 3310 requires member firms:

• To designate and identify to FINRA an individual responsible for implementing and monitor

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Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

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