SEC Rule 10b-10 - Confirmation of Transactions
This SEC rule attempts to prevent fraudulent schemes by registered representatives. It requires broker-dealers to send written confirmation for any transaction in a customer's account detailing date and time of the transaction, the actual security, number of shares and the price of securities bought or sold.

SEC Rule 17a-8 - Accounts and Records
This SEC rule covers financial recordkeeping and reporting of currency and foreign transactions. While Rule 17a-3 requires that records be kept for six years (the first two years in an easily accessible place), 17a-8 requires that these foreign transactions be kept for the longer of the period required under 17a-3 and the period required under part 103 of title 31 of the Code of Federal Regulations.






Related Articles
  1. Financial Advisor

    The SEC Fiduciary Rule Explained

    The SEC plans to propose its own set of fiduciary rules next year. These are some of the potential implications for advisors.
  2. Personal Finance

    Policing The Securities Market: An Overview Of The SEC

    Find out how this regulatory body protects the rights of investors.
  3. Insights

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
  4. Taxes

    How A Company Files With The SEC

    Filing with the SEC is not as complicated as you might thing -- just be meticulous about following the steps.
  5. Insights

    The SEC: A Brief History Of Regulation

    The SEC has continued to make the market a safer place and to learn from and adapt to new scandals and crises.
  6. Personal Finance

    What's the SEC?

    The Securities and Exchange Commission (SEC) is an independent agency of the United States government. The mission of the SEC is to enforce securities laws passed by congress. These laws aim ...
  7. Personal Finance

    Understanding Rule 144A

    Rule 144A is an SEC rule that changes the two-year holding period requirement on privately placed securities.
  8. Trading

    Get To Know These Crucial US Options Market Regulations

    How are options regulated in the U.S and which organizations are involved in options market regulations?
Trading Center