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

SEC Rule 17a-3, mandated by the U.S. Securities and Exchange Commission under the Securities Exchange Act (SEA), compels brokers and dealers to document and retain a comprehensive record of all securities transactions. This encompasses ledgers, account statements, trade confirmations, and cancelled checks, setting forth strict standards for data retention and management in the financial and trading sectors.

Essential Records Required by SEC Rule 17a-3 for Broker Dealer Compliance

Under the requirements of SEC Rule 17a-3, brokers and dealers are tasked with the creation and maintenance of:

  • Daily transaction blotters or equivalent records detailing securities, cash flows, and other financial activities.
  • Archived Forms X–17F–1A and related agreements, plus received confirmations from regulatory bodies.
  • Transactional records for mutual funds, variable contracts, and direct participation programs.
  • Account records across various client categories, including individuals and legal entities.

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.

  • Back to Regulations & Laws

Contact Us

Tell us about yourself, and we’ll be in touch right away.