SIE practice questionmediumReporting gifts and entertainment
FINRA's annual limit for covered business gifts and gratuities is:
- A$1,000 per person per year
- B$250 per person per year
- C$300 per person per year✓ Correct answer
- D$100 per person per year
Explanation
Why C — $300 per person per year
FINRA Rule 3220 limits covered gifts and gratuities to $300 per person per year. Reasonable hosted business entertainment is analyzed separately from the gift cap.
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