• Reminder Regarding Giving and Receiving Gratuities

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME Group RA1408-5
      • Notice Date
      • 11 December 2014
      • Effective Date
      • 11 December 2014
    • 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”). 

      The text of Rule 508 is reprinted below:


      A member, member firm, broker association or an employee of any of the foregoing may not give, directly or indirectly, to any employee of another member, member firm or broker association any gratuities or gifts with an aggregate market value in excess of $100 within any twelve-month period.

      Questions regarding this advisory may be directed to the following individuals in Market Regulation:

              Steve Schwartz, Executive Director and Global Enforcement Counsel, 212.299.2853

              Nancy Minett, Executive Director, 212.299.2940

              Robert Sniegowski, Senior Director, 312.341.5991



      For media inquiries concerning this Advisory Notice, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.