Question

Under FINRA rules, copies of order tickets must be kept for:________.

A. 6 months.
B. 2 years.
C. 3 years.
D. 5 years.

Answer 1

C. 3 years

Step-by-step explanation:

The Financial Industry Regulatory Authority (FINRA) is the regulatory body which sets the rules and standards for registered stock brokers and stock broking firms.

Under FINRA rules, copies of order tickets which contains the different confirmations for the stock transactions done must kept for 3 years to ensure accurate and efficient record keeping purpose during that period of time.