SEC Rule 17a-4
Encyclopedia
SEC Rule 17a-4 is part of the US Securities Exchange Act of 1934
(Known simply as the "Exchange Act") which outlines requirements for data retention
, indexing, and accessibility for companies which deal in the trade or brokering of financial securities such as stocks, bonds, and futures. According to the rule, records of numerous types of transaction
s must be retained and indexed on indelible media with immediate accessibility for a period of six months, and with non-immediate access for a period of at least two years. Duplicate
records must also be kept within the same time frame at an off-site location.
Securities Exchange Act of 1934
The Securities Exchange Act of 1934 , , codified at et seq., is a law governing the secondary trading of securities in the United States of America. It was a sweeping piece of legislation...
(Known simply as the "Exchange Act") which outlines requirements for data retention
Data retention
Data retention defines the policies of persistent data and records management for meeting legal and business data archival requirements. A data retention policy weighs legal and privacy concerns against economics and need to know concerns to determine both the retention time, archival rules, data...
, indexing, and accessibility for companies which deal in the trade or brokering of financial securities such as stocks, bonds, and futures. According to the rule, records of numerous types of transaction
Financial transaction
A financial transaction is an event or condition under the contract between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals.-History:...
s must be retained and indexed on indelible media with immediate accessibility for a period of six months, and with non-immediate access for a period of at least two years. Duplicate
Duplicate
Duplicate is an Indian Bollywood film released on May 8, 1998. The movie was directed by Mahesh Bhatt and stars Shahrukh Khan in a double role opposite Juhi Chawla and Sonali Bendre. It was produced by Karan Johar's Dharma Productions and marks Shahrukh's first of five collaborations with the...
records must also be kept within the same time frame at an off-site location.