; and (bb) to the best of the certifier’s knowledge, after reasonable investigation— (AA) all such offers, purchases, and sales of securities or the provision of investment advice complied with securities laws of the United States; and (BB) records, data, and information related to such offers, purchases, and sales have been maintained. (III) Effect of noncompliance If a regional center, through its due diligence, discovered during the previous fiscal year that the regional center or any party associated with the regional center was not in compliance with the securities laws of the United States, the certifier shall— (aa) describe the activities that led to noncompliance; (bb) describe the actions taken to remedy the noncompliance; and (cc) certify that the regional center and all parties associated with the regional center are currently in compliance. (iii) Oversight required Each regional center shall— (I) monitor and supervise all offers, purchases, and sales of, and advice relating to, securities made by parties associated with the regional center to ensure compliance with the securities laws of the United States; (II) maintain records, data, and information relating to all such offers, purchases, sales, and advice during the 5-year period beginning on the date of their creation