Series 7: 3.6.20. Rule G-20—Limitations On Gifts, Gratuities, And Non-Cash Compensation

Taken from our Series 7 Online Guide

3.6.20. Rule G-20—Limitations on Gifts, Gratuities, and Non-Cash Compensation

Broker-dealers and municipal advisors are prohibited from offering their customers gifts in excess of $100 per year, except for occasional gifts of meals or tickets to theatrical, sporting, and other entertainments. Non-cash compensation in excess of this amount is, likewise, not allowed.

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