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Trading ahead of a client order is front running, prohibited under FINRA Rule 5270. Supervisors must monitor trading records to detect such misconduct.

Customer account records must be retained for 6 years. These include new account forms, suitability information, and account activity records.

Retail communications must be retained for 3 years from last use. By contrast, ledgers and blotters require 6 years, and incorporation documents are lifetime.

The new firm must file a Form U4 to transfer the rep’s registration. The prior firm files a Form U5 to terminate association.

Certain firm records, such as articles of incorporation, partnership agreements, and board minutes, must be retained for the life of the firm. These documents establish corporate structure and governance.