Regulatory Notice 14-15

FINRA Requests Comment on the Effectiveness and Efficiency of its Gifts and Gratuities and Non-Cash Compensation Rules

Comment Period Expires: May 8, 2014


Executive Summary

FINRA is conducting a retrospective review of the gifts and gratuities and non-cash compensation rules to assess their effectiveness and efficiency. This Notice outlines the general retrospective rule review process and seeks responses to several questions related to firms’ experiences with these specific rules.


Questions regarding this Notice should be directed to:

  • Joseph Savage, Vice President and Counsel, Regulatory Policy, at (240) 386-4534;
  • Victoria Crane, Associate General Counsel, Office of General Counsel, at (202) 728-8104; or
  • Hammad Qureshi, Economist, Office of the Chief Economist, at (202) 728-8150.


The comment period has been extended to May 23, 2014.

View Full Notice PDF 69 KB

The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.

Comments By Date Received
Carlson & Lewittes (PDF 20 KB) 4/9/2014
Sturdy Financial Services (PDF 18 KB) 4/15/2014
NPB Financial Group, LLC (PDF 64 KB) 5/15/2014
Regal Bay Investment Group LLC (PDF 94 KB) 5/21/2014
Financial Service Roundtable (PDF 48 KB) 5/22/2014
SIFMA (PDF 48 KB) 5/23/2014
Investment Company Institute (PDF 48 KB) 5/23/2014
Sutherland Asbill & Brennan LLP (PDF 164 KB) 5/23/2014
PIABA (PDF 164 KB) 5/23/2014
Financial Services Institute (PDF 131 KB) 5/23/2014
IPA (PDF 1,021 KB) 5/30/2014