§151.50. What records must I maintain for securities transactions?
12 C.F.R. § 151.50
If you effect securities transactions for customers, you must maintain all of the following records for at least three years:
Chronological records. You must maintain an itemized daily record of each purchase and sale of securities in chronological order, including:
The account or customer name for which you effected each transaction;
The name and amount of the securities;
The unit and aggregate purchase or sale price;
The trade date; and
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.
Account records. You must maintain account records for each customer reflecting:
Purchases and sales of securities;
Receipts and deliveries of securities;
Receipts and disbursements of cash; and
Other debits and credits pertaining to transactions in securities.
Memorandum (order ticket). You must make and keep current a memorandum (order ticket) of each order or any other instruction given or received for the purchase or sale of securities (whether executed or not), including:
The account or customer name for which you effected each transaction;
Whether the transaction was a market order, limit order, or subject to special instructions;
The time the trader received the order;
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;
The price at which the trader executed the order;
The name of the registered broker-dealer you used.
Record of registered broker-dealers. You must maintain a record of all registered broker-dealers that you selected to effect securities transactions and the amount of commissions that you paid or allocated to each registered broker-dealer during each calendar year.
Notices. You must maintain a copy of the written notice required under subpart B of this part.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B).
Source
Source: 76 FR 49008, Aug. 9, 2011, unless otherwise noted.