Recordkeeping Requirements
Chapters in this video
- 0:00 Riley the Rep and the surprise compliance audit
- 0:56 The three-year standard and first-two-years accessible rule
- 2:13 The correspondence retention trap
- 2:48 Six mandatory items in the complete record
- 3:16 Unapproved pieces and the preparer or distributor shift
- 3:52 Sourcing statistical illustrations back to origin
- 4:12 The two retail-only extras that skip institutional
- 5:34 Rapid-fire exam recap
What this video covers
- The three-year retention clock that applies equally to retail communications, institutional communications, and correspondence, with no shortened period for correspondence
- The easily accessible requirement: where it applies (first two years only), where it drops off (year three), and common exam traps around archival storage
- The six core items in a complete record: copy of communication, use dates, approving principal name and approval date, and source of any statistical illustration
- The accountability shift when no principal approved before first use: naming the preparer or distributor instead of the approving principal
- The two retail-only extras that never reach institutional communications: the filing member's name plus Department review letter, and registered investment company performance rankings or comparisons
- How to distinguish a recordkeeping question from a content-standards question when a scenario presents a chart, graph, or performance comparison
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 82 course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.