Laws & RegulationsQuestion 38 of 100
Under NASAA model recordkeeping rules, a state-registered investment adviser must generally preserve required books and records for a minimum of:
a.Six months
b.One year
c.Two years
d.Five years, with the first two years in an easily accessible location
Explanation
State-registered advisers must generally keep required records for five years, with the most recent two years readily accessible, often at the principal office. This ensures records are available for examination. Shorter periods do not meet the model rule.
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