Final answer:
Brokers are required by the Commission to maintain records for a specific minimum period, often 3 to 6 years as per SEC rules, though the duration may vary by regulation and country. Record-keeping maintains market integrity and assists in audits and investigations.
Step-by-step explanation:
The question pertains to the regulatory requirements for brokers regarding the maintenance of records as mandated by a Commission. Although the specific time period is not provided in the question, typically, regulatory bodies like the Securities and Exchange Commission (SEC) in the United States require brokers to maintain records for a specific minimum amount of time. For instance, according to SEC rules, brokers must keep records for a period of not less than 3 to 6 years, depending on the type of record. The exact duration can vary based on the regulation of the country in which the broker operates.
These records might include trade confirmations, account statements, and communication with clients. Maintaining these records is crucial for ensuring compliance with legal and regulatory standards, and it assists in any audit or investigation that might take place. The record-keeping requirements are important for the integrity of financial markets and the protection of investors.