SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 14

Question: 14

Which of the following is true of the books and records requirements for member broker-dealers?

A. Requirements must allow for self-regulatory organizations to carry out examinations of broker-dealers.

B. Data must be kept on electronic media.

C. Records must be kept ten years, unless specifically designated for a different time frame.

D. A registered principal must regularly sign an inventory of records.