Within each employee grouping, firms may customize dollar limits in eight (8) ways:
Gifts
1.
Amount available for each INTERNAL PERSON to GIVE in gifts annually. This number is budget driven, as firms may want to limit the amount of money an individual can spend in a given year.
2.
Amount available for each INTERNAL PERSON to RECEIVE in gifts annually. This number is compliance driven and allows you to set limits and identify any amounts Compliance deems to be excessive.
3.
Amount available for each OUTSIDE PERSON to GIVE to all internal employees at your broker/dealer in aggregate. This is compliance driven
4.
Amount available for each OUTSIDE PERSON to RECEIVE in aggregate from all employees within your broker/dealer annually — typically thought of as the $100 rule. This is compliance driven and is historically the most challenging information to track.
