Reminder Regarding Giving and Receiving of Gratuities

As a reminder, each Exchange’s Rule 508 (“Giving and Receiving of Gratuities”) prohibits members, member firms and broker associations and employees of these individuals and entities from giving gifts or gratuities in excess of $100 per year to any employee of another member, member firm or broker association.  This rule is substantially similar to the restrictions imposed under FINRA Rule 3220 (“Influencing or Rewarding Employees of Others”).

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