---
kind: "section"
citation: "12 C.F.R. § 151.50"
title: "12"
number: "151.50"
heading: "What records must I maintain for securities transactions?"
url: "https://uscodex.org/cfr/12/151.50"
---

# §151.50. What records must I maintain for securities transactions?


If you effect securities transactions for customers, you must maintain all of the following records for at least three years:

- (a) **Chronological records.** You must maintain an itemized daily record of each purchase and sale of securities in chronological order, including:
  - (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) **Account records.** You must maintain account records for each customer reflecting:
  - (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) **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:
  - (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) **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.
- (e) **Notices.** You must maintain a copy of the written notice required under subpart B of this part.

## Notes

### Authority

Authority: 12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B).

### Source

Source: 76 FR 49008, Aug. 9, 2011, unless otherwise noted.