What records must I maintain for securities transactions?

CFR · 2024-01-01 · US · Title 12

If you effect securities transactions for customers, you must maintain all of the following records for at least three years: (a) (1) The account or customer name for which you effected each transaction; (2) The name and amount of the securities; (3) The unit and aggregate purchase or sale price; (4) The trade date; and (5) The name or other designation of the registered broker-dealer or other person from whom you purchased the securities or to whom you sold the securities. (b) (1) Purchases and sales of securities; (2) Receipts and deliveries of securities; (3) Receipts and disbursements of cash; and (4) Other debits and credits pertaining to transactions in securities. (c) (1) The account or customer name for which you effected each transaction; (2) Whether the transaction was a market order, limit order, or subject to special instructions; (3) The time the trader received the order; (4) The time the trader placed the order with the registered broker-dealer, or if there was no registered broker-dealer, the time the trader executed or cancelled the order; (5) The price at which the trader executed the order; (6) The name of the registered broker-dealer you used. (d) (e)

official document · source cfr-2024 · id 12:§ 151.50