Official name:
Applicability of CFTC and SEC Customer Protection, Recordkeeping, Reporting, and Bankruptcy Rules and the Securities Investor Protection Act of 1970 to Accounts Holding Security Futures Products
Other names:
Sec. 240.17a-4 Records to be preserved by certain exchange members, brokers and dealers.
Description:
SEC rules 17a-3 and 17a-4 specify the type of data records for securities transactions to be created and maintained by broker-dealers.
• SEC Rule 17a-3 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-4 specifies the manner and length of time that the records maintained by broker-dealers must be preserved.
Together, these rules require
• Written and enforceable retention policies
• Storage of data on indelible, non-rewriteable media
• Searchable index of all stored data
• Readily retrievable and viewable data
• Storage of data offsite
Copyright 2004-2008 The Data Governance Institute, LLC. All Rights Reserved The site is brought to you in partnership with the Business Intelligence Network
Copyright 2004-2008 The Data Governance Institute, LLC. All Rights Reserved The site is brought to you in partnership with the Business Intelligence Network
