Series 79 practice questioneasyBooks and Records Requirements
Which of the following records must be preserved in an easily accessible place for the first two years under SEC rules?
- ATrade confirmations older than three years
- BBank statements for closed accounts
- CCurrent customer account ledgers✓ Correct answer
- DCancelled checks from more than six years ago
Explanation
Why C — Current customer account ledgers
Current customer account ledgers must be easily accessible for the first two years. The trap is confusing general retention with the easily accessible requirement for recent records.
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