BOOKS AND RECORDS

Pursuant to the Securities Exchange Act of 1934 , Rules 17a-3 and 17a-4, the SEC set forth minimum Books and Records Retention Requirements that all brokers dealers must adhere. Depending on your firm’s size and businesses, this requirement can become quite complex and very burdensome from both a financial and resource perspective. This is why it is so important that firms only retain those documents required under the rules and only as long as the rules mandate. A firm’s books and records are the finger prints the regulators use when auditing a firm or when creating an audit trail to substantiate a particular outcome. Retaining documents not required could put a firm in harm’s way, especially in our litigious environment

With this in mind, Wall Street Consulting Services can:

  • Define which documents and files the firm is required to keep and for how long
  • Create a firm’s books and records tracking system
  • Establish your firm’s Compliance Department’s filing system
  • Set up a bar code system which logs and identifies all documents networked on document storage system