SEC 17a-3 — Records to be Made by Certain Exchange Members

Requires broker-dealers to make certain records, including trade blotters, asset and liability ledgers, income ledgers, customer account ledgers, securities records, order tickets, trade confirmations, trial balances and various employment related documents.

Rule 17a-3 is commonly grouped with SEC Rule 17a-4. Together, these rules require:

  • Written, enforceable retention policies
  • A searchable index of all data stored
  • Viewable and readily retrievable data
  • Offsite storage of data
  • Storage of data on WORM (write once ready many) optical media

Smarsh, Inc. assumes no liability for the accuracy or completeness of this information. Please consult with an attorney for specific information on specific rules and regulations and how they apply to your business.

Helpful Links:

Text of the act on SEC.gov

 

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