FIDUCIARY ACCOUNT RECORDS. An administrator shall maintain fiduciary account records in accordance with generally accepted accounting principles. The administrator shall retain the fiduciary account records pertaining to a principal for at least 5 years beginning on the date of creation of the records. If an admin- istrator deposits in a fiduciary account moneys that the adminis- trator has collected on behalf of more than one principal, the administrator shall keep records of the account that clearly indi- cate deposits made under sub. (1) and withdrawals made under sub. (4) on behalf of each principal. Upon request by a principal, the administrator shall provide the principal copies of those por- tions of the records pertaining to deposits and withdrawals made on behalf of the principal and shall otherwise permit inspection by the principal as provided under s. 633.06 (2).
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Samples: docs.legis.wisconsin.gov, docs.legis.wisconsin.gov, docs.legis.wisconsin.gov
