Creating, Retaining and Reporting Required Records of Orders and Transactions: Rapid Fire

What this video covers

• How large trader identification works, including the no-netting rule, account aggregation, daily and monthly activity thresholds, and Form 13H filing requirements
• The difference between monthly execution reports for market centers and quarterly routing reports for broker-dealers
• How the consolidated audit trail requires contemporaneous recording, reporting by 8:00 a.m. Eastern Time on T+1, and error correction by 8:00 a.m. Eastern Time on T+3
• The clock synchronization standards for electronic, manual order, and manual allocation events
• What belongs on an order memorandum, when account designation is required, and how the investment adviser allocation exception works
• Why pre-time stamping is prohibited and how a qualified registered principal must approve account name or designation changes
• How to separate three-year records from six-year books, including the first two years of accessible storage and the 90-second options reporting deadline