Gifts and entertainment means anything of value that is offered by any Company personnel to a third party, that party’s relatives, friends and close associates, or which might be offered by a third party to any Company personnel, their relatives, friends or close associates.
Regulations regarding gifts and entertainment compliance are designed to ensure no conflicts of interest arise from the giving or receiving of gifts over a certain amount. FINRA, MSRB, the FCA, and more generally the SEC, all have specific requirements and regulations regarding this compliance concern.