Books and Records Purpose Guide the design, implementation, and maintenance of recordkeeping programs for broker-dealers and investment advisers under federal securities laws. This skill covers the creation, retention, and storage of required records under SEC Rules 17a-3, 17a-4, and 204-2, FINRA recordkeeping obligations, electronic storage standards including WORM (Write Once, Read Many) requirements, and the archiving of electronic communications and social media. It enables users to build compliant document retention systems and respond to regulatory examinations of books and records. Lay…