Series 6

By Investopedia AAA

Customer Accounts - Securities Exchange Act of 1934

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.



You May Also Like

Related Articles
  1. Investing Basics

    Online Portfolio Management, DIY or ...

  2. Insurance

    Municipal Bond Tips For The Series 7 ...

  3. Retirement

    6 Proven Tips For Series 6 Success

  4. Insurance

    Tips For Passing The Series 6 Exam

  5. Professionals

    Banker Or Broker: Which Career Is Right ...

Trading Center