Regulations & ConductCâu 121 / 125
Under FINRA rules, most customer account records and communications must generally be:
a.Destroyed after 30 days
b.Kept only if the customer requests it
c.Preserved for specified retention periods, often several years, and made available to regulators
d.Stored only in paper form
Giải thích
FINRA and SEC recordkeeping rules require firms to preserve books, records, and communications for specified periods, commonly several years, in an accessible format for regulatory examination. Records such as blotters, customer account information, and communications must be retained and readily retrievable.
Luyện miễn phí toàn bộ 125 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 'Churning' refers to:
- Commingling a customer's funds or securities with the firm's own assets is:
- The Securities Investor Protection Corporation (SIPC) protects customers by:
- A registered representative who wishes to engage in an outside business activity must:
- 'Selling away,' or participating in private securities transactions without the firm's knowledge and approval, is:
- The Investment Company Act of 1940 primarily regulates:
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