6.4.  Maintaining Books and Records

SEC Rules 17a-3 and 17a-4 describe a list of records that broker-dealers must keep and for how long. The general tier of recordkeeping is three years, six years, and lifetime. Additionally, the firm must keep most records easily accessible for the first two years. The exam will not expect you to know every record that must be kept and for how long it must be kept. However, the ones that are important follow.