Series 63 practice questioneasyrecordkeeping
Under the USA, which of the following is NOT required to be retained as a record by an investment adviser?
- ACopies of written client communications
- BClient trade confirmations
- CPersonal correspondence with family members unrelated to business✓ Correct answer
- DList of all discretionary accounts
Explanation
Why C — Personal correspondence with family members unrelated to business
Personal correspondence with family members, not relating to advisory business, is not a required record (Rule 204-2). The other items must be retained.
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