Finra wants to raise the annual gift limit
Brokerage representatives will be able to breathe a little easier when they’re buying gift baskets for fellow professionals during the next holiday season
Aug 24, 2016 @ 11:49 am | Investment News
With any luck, brokerage reps will be able to breathe a little easier when they’re buying gift baskets for fellow professionals during the next holiday season.
According to a proposed rule change from Finra earlier this month, the self-regulatory body wants to increase the total annual value of gifts that can be given to individuals to $175 per year from $100.
The value of the current $100 limit, which has been in place since 1992, when it was increased from $50, has been eroded by inflation, according to an analysis by the Financial Industry Regulatory Authority Inc.
