Question

A customer of a RR wants to give the RR two tickets to a local musical worth $150. Which of the following is true? (A) The tickets may be accepted because they are from a satisfied customer. (B) The tickets may be accepted after the prior written approval of FINRA. (C) The tickets may not be accepted because they exceed the $100 limit. (D) The tickets may not be accepted regardless of the value of the tickets.

Answer 1

(C) The tickets may not be accepted because they exceed the $100 limit.

Step-by-step explanation:

There is a restriction on the amount each employee can collect from customers, this is to ensure that gifts are not used as a way to influence employees. This is according to rule of FINRA (Financial Industry Regulation Authority) 3220. The limit is $100 per employee per year.