Records to Be Made
Chapters in this video
- 0:00 The examiner walks in: designated recordkeeping personnel
- 1:24 Without delay versus available: the exact wording traps
- 2:22 Office-specific designations and the 10-branch rule
- 3:14 Dual sign-off for natural-person accounts
- 4:28 Why separate sign-off logs fail the recordmaking rule
- 5:18 The compliance architect versus the facility manager
- 6:27 Exam trap: day-to-day supervision asks for FINRA, not the designated principal
- 7:07 Rapid-fire exam recap
What this video covers
- Why the designated recordkeeping person must be office-specific, not firm-wide, and why "without delay" beats "available" every time
- How many designation records a firm with multiple branches must maintain, and why a centralized headquarters list fails the rule
- What dual approval requires for natural-person accounts: signature by the responsible associated person (AP) plus principal acceptance or approval
- Why the account record itself must indicate both signatures, and how a separate sign-off log creates a recordmaking gap
- Who belongs in the designated principal record: the policy designer who establishes procedures for principal approvals, not the person doing daily supervision
- How the Financial Industry Regulatory Authority (FINRA) supervisory system differs from the designated principal record, and which one exam questions about day-to-day supervision are actually targeting
- How to spot the three biggest exam traps: centralized contact lists, separate approval logs, and confusing the architect with the facility manager
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 24 course also includes adaptive practice questions and spaced-repetition flashcards, free through the end of 2026.