FINRA Series 27: Financial and Operations Principal Exam

In accordance with SEC Rule 17a-4, what is the duration for which a broker-dealer must preserve electronic communications?

Not Correct

Correct!

Select an option above to see an explanation here.

A) One year is incorrect as SEC Rule 17a-4 requires broker-dealers to preserve electronic communications for three years. B) SEC Rule 17a-4 requires broker-dealers to preserve electronic communications for three years. C) Seven years is too long. The SEC Rule 17a-4 stipulates a three-year preservation period. D) Ten years is incorrect because it is significantly longer than the three-year requirement of SEC Rule 17a-4.