In a hypothetical example, gifts of USD180 and USD150 to one person total USD330. Each being below USD300 does not complete the annual-limit check.
What to check before drawing a conclusion
Controls need a consistent recipient identity across teams, along with date, purpose and valuation method. Separate salesperson records can fail to reveal the firm-wide total.
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Original WFN vector illustrationWFN · 24 October 2026
Editorial noteSource-based explanation with original WFN analysis. Historical records retain their dates; numerical examples are illustrative. The original vector illustration is conceptual and is not documentary evidence.
WFN REALITY LEDGER
What is on the record?
Primary-source explainer
Primary-source explainer
Primary record / reference periodExisting rule; amendment effective 30 March 2026
The limit applies per recipient per year, with gifts from the firm and associated persons aggregated. Tickets are valued at the higher of cost or face value. FINRA Rule 3220 — Gifts ↗
02 · WFN EDITORIAL ANALYSIS
What the distinction changes
In a hypothetical example, gifts of USD180 and USD150 to one person total USD330. Each being below USD300 does not complete the annual-limit check.
This is an editorial calculation, not a report of an actual violation. The legal outcome depends on the rule’s scope and applicable exceptions.
03 · REVIEW POINTS
What to check before drawing a conclusion
Controls need a consistent recipient identity across teams, along with date, purpose and valuation method. Separate salesperson records can fail to reveal the firm-wide total.
The amendment predates this review week and is not presented as an October change. Application requires the full rule and regulatory notice, including their distinctions and exceptions.
