# Reporting Requirements for Brokers or Dealers Under the Securities Exchange Act of 1934
> **US Securities and Exchange Commission** · Final rule. · Published 1997-02-12 · Effective 1997-04-14 · 62 FR 6469
## Document
- **Document number:** 97-3426
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 62 FR 6469
- **CFR reference:** 17 CFR 240
- **Publication date:** 1997-02-12
- **Effective date:** 1997-04-14
- **Docket:** Release No. 34-38245
## Abstract

The Securities and Exchange Commission (``Commission'') is amending its broker-dealer record preservation rule to allow broker- dealers to employ, under certain conditions, electronic storage media to maintain records required to be retained. The amendments reflect a recognition of technological developments that will provide economic as well as time-saving advantages for broker-dealers by expanding the scope of recordkeeping options while at the same time continuing to require broker-dealers to maintain records in a manner that preserves their integrity. The Commission is also issuing an interpretation of its record preservation rule relating to the treatment of electronically generated communications.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/02/12/97-3426/reporting-requirements-for-brokers-or-dealers-under-the-securities-exchange-act-of-1934)
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