In-Network Mobile recording

In-Network Mobile recording

SEC Rule 17a-4: Books and Records Requirements for Brokers and Dealers Under the Securities Exchange Act of 1934

SEC Rule 17a-4 outlines the requirements for data retention, indexing, and accessibility for companies which deal in the trade or brokering of financial securities such as stocks, bonds, and futures.

Record keeping requirements – Highlights

The following is a list or records that must be maintained by the firm for three years:

  • Retail and institutional communications
  • Order tickets
  • Confirmations
  • Option records
  • FOCUS reports
  • Monthly trial balances
  • Written customer complaints
  • Subsidiary ledgers
  • Long and short securities differences
  • Compliance and policy and procedure manuals (kept after changes)
  • U4, U5, fingerprints, and employment applications for terminated employees

The following is a list of records that must be maintained by the firm for six years:

  • Blotters
  • General ledgers
  • Customer ledgers
  • Customer account records
  • Customer ledgers
  • Stock records / position records

The U.S. Securities and Exchange Commission (SEC) holds primary responsibility for enforcing the federal securities laws to protect investors and maintain fair, orderly and efficient markets.

Useful links

Reporting requirements for brokers or dealers under the Securities Exchange Act of 1934

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