The Financial Regulatory Authority (FINRA) Rule 4511 requires members to make and preserve books and records for at least six years and must comply with the SEA Rule 17a-4.
Rule 4511 has been in effect since December 5, 2011. The key topics in this rule include: account name and designation, books and records, customer account information, customer complaints, electronic signature and approval, investment adviser orders, negotiable instruments, pre-time stamping, predispute arbitration agreements, recording of order information and retention requirements.
For more compliance regulation rules, visit our Archiving Compliance Regulations & Supervision Rules page with all of the financial services regulations.
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* Erado assumes no liability for the accuracy or completeness of this information. Please consult with an attorney for information on specific rules and regulations and how they apply to your business.