Series 79 practice questioneasyBooks and Records Requirements
For how long must a member preserve written customer complaints under FINRA Rule 4513?
- AOne year
- BThree years
- CFour years✓ Correct answer
- DTen years
Explanation
Why C — Four years
FINRA Rule 4513 requires preservation for at least four years. SEC Rule 17a-4 generally covers business communications for three years; it is not the source of this four-year period.
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