Exercise
Answer True or False
1. True or false. Annual review procedures do not need to include the firm’s remote locations.
2. True or false. Business continuity plans must be reviewed and updated annually.
3. True or false. Records associated with blotters, ledgers, and securities must be retained for three years.
4. True or false. Unusual activity reports must be maintained for 18 months after the report was generated.
5. True or false. An employee’s fingerprint records do not need to be kept for longer than one year after his date of termination.
6. True or false. A firm’s business continuity plan must be mailed to customers upon request.
7. True or false. All account record information must be preserved until at l