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Zorluk: KolayGifts, Gratuities, Political Contributions, and Outside Business Activities

Under FINRA Rule 3220 regarding gifts and gratuities, what is the maximum annual dollar limit a registered representative may give to an individual customer without violating FINRA rules?

  1. $100 per recipient per yearCevap
  2. B
    $250 per recipient per year
  3. C
    $500 per recipient per year
  4. D
    Unlimited, provided the member firm gives prior written approval

Cevap

The maximum annual gift limit under FINRA Rule 3220 is $100 per recipient per year.
FINRA Rule 3220 (Gifts and Gratuities) prohibits member firms and associated persons from giving anything of value in excess of $100 per individual recipient per year if the gift is related to the business of the employer of the recipient.

Adım Adım Çözüm

1
Identify the relevant SRO rule
FINRA Rule 3220 governs gifts and gratuities given by broker-dealers and associated persons.
The rule establishes compliance limits to prevent conflicts of interest and improper influence.
2
Apply the statutory dollar limit
The rule limits gifts to a maximum value of $100 per individual recipient per year.
Gifts exceeding $100 per person annually are prohibited when tied to business relationships.

Anahtar Kavram

FINRA Rule 3220 $100 Annual Gift Limit
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Konular

Gifts, Gratuities, Political Contributions, and Outside Business Activities