National Commodity Futures Examination (NCFE) Series 3 Practice Exam

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CTA must keep certain records in main business office for inspection by CFTC and NFA made within how many hours?

12 hours

24 hours

48 hours

72 hours

CTAs must keep certain records in the main business office and have them ready for inspection by the CFTC and NFA within a 72-hour window after a request. This deadline gives a reasonable yet firm time frame for assembling documents like books and records, trade tickets, and related materials, especially when records are stored electronically or across systems. Shorter time frames such as 12, 24, or 48 hours are typically impractical for many firms, whereas 72 hours balances regulator access with the practicalities of compiling the records.