What records must be retained in the principal office of a state-registered investment adviser when dealing with cryptocurrencies?

3 answers

• Akas royOct 04, 2021 · 4 years ago
  As a state-registered investment adviser dealing with cryptocurrencies, it is crucial to maintain accurate records in your principal office. These records should include transaction details, such as the date, time, and amount of each cryptocurrency transaction, as well as the parties involved. Additionally, you should keep records of any communications related to cryptocurrency investments, including emails, chat logs, and other forms of correspondence. It is important to have a comprehensive record-keeping system to ensure compliance with regulatory requirements and to facilitate audits or investigations, if necessary.
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• AutomataNum4Oct 26, 2022 · 3 years ago
  When you're a state-registered investment adviser dealing with cryptocurrencies, you need to keep a close eye on your record-keeping game. Make sure to document all the nitty-gritty details of your cryptocurrency transactions, including the date, time, and amount of each transaction, as well as the parties involved. Don't forget to save any emails, chat logs, or other communications related to your cryptocurrency investments. Having a solid record-keeping system in place will not only keep you in compliance with the rules but also help you stay organized and prepared for any audits or inquiries that may come your way.
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• Toni WarkentinApr 06, 2024 · 2 years ago
  As a state-registered investment adviser, it is essential to maintain proper records in your principal office when dealing with cryptocurrencies. These records should include detailed information about each cryptocurrency transaction, such as the type of cryptocurrency, the date and time of the transaction, the amount involved, and the parties participating. Additionally, you should keep records of any communications related to cryptocurrency investments, including emails, chat logs, and other forms of correspondence. By maintaining accurate and comprehensive records, you can ensure compliance with regulatory requirements and demonstrate transparency in your dealings with cryptocurrencies.
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