Series 7 Exam Question 313: Answer and Explanation

Question: 313

A customer of Dim Outlook securities decides to close their account. How long after closing the account must Dim Outlook keep the customer records?

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

Correct Answer: D

Explanation:

D. Broker-dealers must keep records of customer accounts at least 6 years after the customer closes their account.