Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

How long does DTC store stock buy and sell records for Lehman Brothers March 6, 2012 Plan Trust Effective date?The Depository Trust Company (DTC), a subsidiary of the DTCC, generally adheres to SEC-mandated record retention policies for securities transactions. Broker-dealers and clearing agencies are typically required to preserve records of buy and sell transactions for at least six years. Investor.gov Investor.gov +3 Key Details on DTC Record Retention: 6-Year Retention: Broker-dealers (who use DTC for settlement) must keep records of all purchases and sales (blotters) for at least six years, with the first two years in an easily accessible place. Archival Services: DTCC’s Institutional Trade Processing (ITP) service, such as Trade Archive, retains records for 10 years from the transaction date. Trade Confirmation: Specific trade confirmations must be kept for at least three years. Swap Data: For swap and security-based swap data, records must be maintained for 15 years following the termination of the swap. DTCC DTCC +4 For most investor transactions, the six-year requirement is the standard for transactional records.



+2
The Depository Trust Company (DTC), a subsidiary of the DTCC, generally adheres to SEC-mandated record retention policies, which require broker-dealers and clearing agencies to preserve records of buy and sell transactions (blotters) for a minimum of six years.
LII | Legal Information Institute
LII | Legal Information Institute
+1
Given the Lehman Brothers Plan Trust Effective Date was March 6, 2012, the standard six-year retention period for transactional records would have typically expired around March 6, 2018.
Epiq 11
Epiq 11
+1
Key details on retention for this period:
6-Year Rule: Under SEC Rule 17a-4, records of purchases and sales, receipts and deliveries of securities must be kept for six years, with the first two years in an easily accessible place.
Trade Confirmations: Specific trade confirmations are generally retained for at least three years.
Archival Services: DTCC's Institutional Trade Processing (ITP) services, such as Trade Archive, may retain records for 10 years, though this is not always mandated for all types of records.
Plan Trust Structure: As of March 6, 2012, all existing Lehman Brothers common and preferred stock was cancelled, and the Plan Trust was established, with beneficial interests in the trust being nontransferable.
Epiq 11
Epiq 11
+3
For documentation regarding the March 6, 2012 Plan Trust, the primary records are maintained by the Plan Administrator, not typically through active DTC trading records.