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Aug 16, 2016

FINRA Proposes Revisions to Gifts, Gratuities and Non-Cash Compensation Rules

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On August 5, 2016, FINRA in Regulatory-Notice 16–29 proposed revisions to its regulation of broker-dealer gifts, entertainment and non-cash compensation (the “proposal”) and requested comment to the same. The comment period expires on September 23, 2016. The proposal would consolidate FINRA’s regulation of gifts, gratuities, and non-cash compensation into a single FINRA rule series; increase the current gift limit to $175 per recipient per year; amend FINRA’s non-cash compensation regulation to cover sales of all securities products; and consolidate certain interpretive guidance into the proposed rules, among other changes

View full memo, FINRA Proposes Revisions to Gifts, Gratuities and Non-Cash Compensation Rules

Authors and Contributors

Charles Gittleman

Of Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7317

+1 212 848 7317

New York

Nathan Greene

Partner

Investment Funds

+1 212 848 4668

+1 212 848 4668

New York

Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7585

+1 212 848 7585

New York

Jennifer D. Morton

Counsel

Financial Institutions Advisory & Financial Regulatory

+1 212 848 5187

+1 212 848 5187

New York

Jenny Ding Jordan

Associate

Financial Institutions Advisory & Financial Regulatory

+1 212 848 5095

+1 212 848 5095

New York

Steven Blau

Associate

Financial Institutions Advisory & Financial Regulatory

+1 416 360 2154

+1 416 360 2154

Toronto

Fabio Pazzini

Associate

Capital Markets

+44 20 7655 5872

+44 20 7655 5872

London