Series 79 practice questioneasyBooks and Records Requirements
For how long must a broker-dealer retain records of customer complaints according to SEC Rule 17a-4?
- AOne year
- BThree years
- CFour years✓ Correct answer
- DTen years
Explanation
Why C — Four years
Customer complaint records must be retained for four years under SEC Rule 17a-4. The other durations are incorrect for this specific record type and are often chosen as traps on the exam.
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