What is SEC Rule 17a-4 F?

About SEC Rule 17a-4(f) The SEC defines rigorous and explicit requirements for regulated entities that elect to retain books and records on electronic storage media. It established 17 CFR 240.17a-3 and 17 CFR 240.17a-4 to regulate recordkeeping, including retention periods, for securities broker-dealers.

What is 17a4 compliance?

Rule 17a-4 does allow for broker-dealers to implement digital storage systems that inhibit alterations, erasure and loss of electronic files for the required archiving period. These communications must be easily accessible, indexed and, per WORM compliance, stored on non-erasable, non-rewriteable media.

What is the record retention period for Form u4?

This six-year retention period is a default retention period for those FINRA rules that require firms to preserve certain books and records, but do not specify a retention period, and where there is no retention period specified under the SEA rules.

How long are financial firms required to keep records?

FINRA Rule 4511(b) requires firms to retain FINRA records and books, which do not have a specified retention period under FINRA rules or applicable Exchange Act rules, for at least six years.

Which of the following records must be kept for six years?

Which of the following records must be kept by a broker-dealer firm for six years? The following records must be maintained by a broker-dealer: partnership records, articles of incorporation, records of the board of directors (BOD), and Form BD and amendments to the form.

What is SEC Form 17A?

This SEC Form 17-A shall be used for annual reports filed pursuant to Section 17 of the Securities Regulation Code (SRC) and paragraph (1)(A) of SRC Rule 17.1 thereunder. Annual reports shall be filed within one hundred five (105) calendar days after the end of the fiscal year covered by the report.