Securities Exchange Act (SEA) Rule 17a-4

Records to be Preserved by Certain Exchange Members, Brokers and Dealers

SEA Rule 17a-4

(a) Every member, broker and dealer subject to §240.17a-3 shall preserve for a period of not less than six years, the first two years in an easily accessible place, all records required to be made pursuant to paragraphs §240.17a-3(a)(1), (a)(2), (a)(3), (a)(5), (a)(21), (a)(22), and analogous records created pursuant to paragraph §240.17a-3(f).

01 Records Maintained at Branches

Records that have originated in a branch office and are required to be maintained in “an easily accessible place,” may be maintained at a branch office, provided the broker-dealer agrees to transmit to its main office at the request of the Commission or other examining authorities the original or copies of the records within 36 hours. Records maintained at foreign branches are subject to the same requirements. The laws of the foreign country in which the branch is domiciled shall not in any way encumber the requirement that records be kept in “an easily accessible place” pursuant to this paragraph.

(SEC Letter to NASD, November 2, 1983) (No. 94-6, December 1994)

(SEC Release 34-29243, May 29, 1991) (No. 94-6, December 1994)