Section 7 (Branch Closing) requires the firm to report the “location of books and records.” What books and records must the firm maintain in the event of a branch closing?
Section 7 (Branch Closing) does not mandate which books and records a firm must maintain in the event of a branch closing. It only requires that the firm report the address where the books and records of the closed branch will be kept. A firm’s books and records requirements may be found in rules 17a-3 and 17a-4 under the Securities Exchange Act of 1934.
Related Questions
- Section 2 (Registration/Notice Filing/Type of Office) asks the firm to report the name and/or CRD # of each supervisor(s)/person(s)-in-charge. Must the supervisor(s) or person(s)-in-charge reported be physically located at the branch office being registered (or notice filed)?
- Section 7 (Branch Closing) requires the firm to report the "location of books and records." What books and records must the firm maintain in the event of a branch closing?
- What do I do if Overdue Notices wont print (report says NO RECORDS) even though Overdue List shows overdue books?
