General Securities Sales Supervisor (Series 10) Practice Exam 2026 - Free Series 10 Practice Questions and Study Guide

When a registered representative leaves the firm, it is essential for the executing member to retain all employment records for a specified period, which is typically four years. This retention period is mandated to ensure that the firm has access to pertinent information regarding the registered representative's activities, employment status, and any associated customer interactions. Maintaining these records can be crucial for compliance purposes, audits, or in case of any disputes that may arise after the representative’s departure.

The requirement to keep these records helps protect the firm and its clients by ensuring there is a documented history of each representative's professional conduct and activities while at the firm. This is particularly important to adhere to regulatory standards set forth by governing bodies in the financial services industry. Retaining records for four years is also aligned with various regulations that support investor protection and due diligence practices.

Other options do not provide the necessary compliance with record-keeping requirements or processes that a firm is obligated to follow when a registered representative exits.