Record Retention Requirements Flashcards
Recordings of telephone conversations of firms required to record calls.
Three Years
Information obtained to verify a customer’s identity.
Five Years
WSPs
Three Years
Customer Account Records
Six Years
Blotters
Six Years
Fingerprint Cards of Terminated Personnel
Three Years
FinCEN Form 112 Filings
Five Years
Subsidiary Ledgers
Three Years
Associated Persons’ Compensation Records
Three Years
Trial Balances
Three Years
Organizational Documents (Form BD and amendments)
Lifetime
List of every office where each associated person regularly conducts business.
Three Years
Principal Designation
Six Years
SAR Filings
Five Years
Form U5
Three Years
Stock Record
Six Years
Minute Books (records of directors’ or partners’ meetings
Lifetime
FOCUS Reports
Three Years
Fund transfers, such as wire orders, equal to or greater than $3,000.
Five Years
Exception Reports
18 Months
Customer Confirmations
Three Years
Written Customer Complaints
Four Years
General Ledger
Six Years
Stock Certificate Books
Lifetime
Form U4
Three Years
Customer Ledgers
Six Years
Partnership Articles or Articles of Incorporation
Lifetime
Communications with the Public
Three Years
Names of all persons who are designated as supervisory personnell and the dates the designation was effective.
Three Years
Order Tickets
Three Years
