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

The Securities Exchange Act (SEA) Rule 17a-3 specifies the minimum requirements for broker-dealer records, how long records and documents relating to a broker-dealer’s business, and the format they may be kept.

SEA 17a-3 addresses recordkeeping requirements imposed on broker-dealers for retaining books and records relating to the following:
(1) Brokerage Orders and Dealer Transactions;
(2) Associated Persons;
(3) Customer Account Records;
(4) Customer Complaints;
(5) Compensation;
(6) Communications with the Public; and
(7) A List of Persons who can Explain a Broker-Dealer’s Records

Link to Rule: https://www.ecfr.gov/cgi-bin/text-idx?SID=4633a6b1b795b90407f48abf4e84db3d&mc=true&node=se17.4.240_117a_63&rgn=div8

Helpful Link: http://www.foxrothschild.com/content/uploads/2017/09/Practical-Compliance-Risk-Management-2.pdf

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.