NASD Rule 3060

Corporate Gifts Guidelines

NASD Rule 3060 restricts broker-dealers from giving corporate gifts valued in excess of $100 per individual, per year. The NASD (now FINRA) implemented this rule to prevent brokers from enticing traders with lavish corporate gifts to generate business. While there is no specific corporate gifts giving rule for investment advisors, the code of ethics guidelines require the disclosure of conflicts including corporate gifts.

With the Compliance11 Supervisory Suite, broker-dealers in particular can establish gift thresholds by amount, type, and client to ensure employees comply with NASD Rule 3060. For investment advisors the software can be tailored to reflect your firm's individual corporate gifts guidelines allowing you to automate the employee gift request process and then report on all gift activities across the entire firm.

The Compliance11 Supervisory Suite resolves the issues associated with NASD Rule 3060, making it easier and less time consuming for all those involved in administering the corporate gift management process.