FINRA Rule 3220

Key Requirements

• Firms and associated persons may not give gifts or gratuities worth more than $300 per recipient per year if the gifts relate to the recipient’s employer’s business.
• Gifts must be tracked and aggregated across the firm and its associated persons.
• Gifts must be valued at cost (or the higher of cost or face value for event tickets).
• Firms must maintain records of gifts and related compensation arrangements.

Exceptions

The $300 limit generally does not apply to:

• Bona fide employment or service arrangements supported by a written agreement and the recipient’s employer’s written consent.
• Personal gifts for infrequent life events (such as weddings or the birth of a child).
• Bereavement gifts.
• Nominal-value promotional items or de minimis gifts (such as pens, notepads, or branded merchandise).
• Decorative commemorative items marking a business transaction.
• Disaster-relief donations.