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.
Our firm has been using Blue Vault from the first year it was available.
We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.
We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.
Our clients also appreciate that we conduct this additional due diligence on their behalf.