Regulatory FrameworkQuestion 373 of 398
Under FINRA's gift rule, what is the maximum value of gifts a member or associated person may give to a single person per year in relation to the recipient's business?
a.$50
b.$250
c.$500
d.$100
Explanation
FINRA Rule 3220 limits gifts to $100 per person per year when the gift relates to the recipient's business. Ordinary business entertainment and certain de minimis or personal gifts are treated separately. Firms must keep records of gifts given and received.
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