Question

An agent of a broker-dealer that works out of a branch office during the week sends e-mails to customers about potential investment ideas from his home when he works during weekends. Which statement is TRUE?

A. These e-mails are not required to be retained because they originate from the agent's home and not from the agent's regular place of business
B. These e-mails are not required to be retained because only physical, not electronic, records are subject to the record retention requirements
C. These e-mails must be retained for a minimum of 1 year
D. These e-mails must be retained for a minimum of 3 years

Answer 1

The correct answer is D. These e-mails must be retained for a minimum of 3 years.

Step-by-step explanation:

One of the most comprehensive data protection laws in the United States is the (Health Insurance Transferability and Accountability Act (HIPAA). This federal law enacted in 1996 creates protections for health-related information specifically, HIPAA specifies who may have access to your health information.This information is generally only available to medical professionals who are using it for care and treatment coordination purposes. Information that is subject to protection includes the notes of your medical providers and records, records of your health insurer, information and conversations that your doctor has with other professionals about your care and treatment services.