Six-Year Records
If FINRA or Exchange Act rules do not specify a time period for a specific book or record, it should be kept at least six years.
Records associated with blotters, ledgers, and securities must be retained for six years. These items may be defined as follows:
Blotters. These are daily records containing itemized reports of all purchases and sales of securities, receipts and deliveries of certificates, receipts and disbursements of cash, and all other debits and credits. They can include the following:
- • The account from which a cash transaction was effected
- • The name and amount of securities involved
- • The unit and aggregate purchase or sale price
- • The trade date
- • The name or other designation of the person from whom securities were purchased or received or to whom they were sold or delivered
General ledger. This ledger includes records of all ass