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Answer: By discarding records that do not result in position changes.
According to **Standard V(C) - Record Retention**, the requirement applies to all investment decisions, including those that do not lead to a change in position. Discarding such records violates the standard. However, maintaining records in either hard copy or electronic form is permissible under the standard. Therefore, the violation occurs only when records not leading to position changes are discarded.
Author: LeetQuiz Editorial Team
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A member retains all records supporting investment decisions but discards those not resulting in position changes, while maintaining some records in hard copy and others electronically. This action most likely violates the Standard related to record retention:
A
By discarding records that do not result in position changes.
B
By maintaining some records in hard copy and others electronically.
C
Both by discarding records not resulting in position changes and maintaining records in mixed formats.
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