What records must I maintain for securities transactions?

§ 151.50 What records must I maintain for securities transactions? If you effect securities transactions for customers, you must maintain all of the following records for at least three years: (a) Chronological records. You must maintain an itemized daily record of each purchase and sale of securities in chronological order, including: (1) The account or customer name for which you effected each transaction; (2) The name and amount of the securities; (3) The unit and aggregate purchase or sale price; (4) The trade date; and (5) The name or other designation of the registered broker-dealer or other person from whom you purchased the securities or to whom you sold the securities. (b) Account records. You must maintain account records for each customer reflecting: (1) Purchases and sales of securities; (2) Receipts and deliveries of securities; (3) Receipts and disbursements of cash; and (4) Other debits and credits pertaining to transactions in securities. (c) Memorandum (order ticket). You must make and keep current a memorandum (order ticket) of each order or any other instruction given or received for the purchase or sale of securities (whether executed or not), including: (1) The account or customer name for which you effected each transaction; (2) Whether the transaction was a market order, limit order, or subject to special instructions; (3) The time the trader received the order; (4) The time the trader placed the order with the registered broker-dealer, or if there was no registered broker-dealer, the time the trader executed or cancelled the order; (5) The price at which the trader executed the order; (6) The name of the registered broker-dealer you used. (d) Record of registered broker-dealers. You must maintain a record of all registered broker-dealers that you selected to effect securities transactions and the amount of commissions that you paid or allocated to each registered broker-dealer during each calendar year. (e) Notices. You must maintain a copy of the written notice required under subpart B of this part.