On Wall Street's Alan Foxman explains: https://onwallstreet.financial-planning.com/news/when-personal-gifts-can-break-finras-compliance-rules-for-financial-advisors
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Thursday, December 13, 2018
Can a pricey bar mitzvah gift break FINRA’s compliance rules?
FINRA Rule 3220 (Influencing or Rewarding Employees of Others)4 (the Gifts Rule) prohibits any member or person associated with a member, directly or indirectly, from giving anything of value in excess of $100 per year to any person where such payment is in relation to the business of the recipient's employer.Be careful when giving gifts over $100 in value, but you can do it.