Series 63 practice questionmediumbooks and records
An IA maintains an electronic storage system for all client account records. Which of the following best ensures compliance with the USA?
- ABack up records regularly and keep them easily accessible for inspection✓ Correct answer
- BEncrypt records and store them only on personal devices
- CDelete records after 2 years to save space
- DPrint records only upon Administrator request
Explanation
Why A — Back up records regularly and keep them easily accessible for inspection
Records must be accessible for inspection and retained for the required period (Rule 204-2). Solely personal device storage, deletion after 2 years, or printing only upon request do not satisfy USA requirements.
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