[Series 65] 61, Recordkeeping and Books and Records Requirements

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The five-year record retention rule and the specific two-year accessibility requirement. - Key records advisers must maintain, including financial statements, client agreements, and communications. - The strict standards for electronic recordkeeping, specifically the WORM (Write Once, Read Many) format. - Common exam traps, such as the fiscal year start date for retention and the requirement to keep performance ad backup data. - That failure to maintain records is a standalone violation, regardless of client outcomes. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep