SIE practice questionmediumReporting gifts and entertainment
Broker-dealers must maintain records and report gifts and entertainment exceeding:
- A$1,000 per person per year
- B$250 per person per year
- C$500 per person per year
- D$100 per person per year✓ Correct answer
Explanation
Why D — $100 per person per year
FINRA’s $100 limit applies to gifts and entertainment, which have to be tracked and reported if exceeded.
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