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FINRA Gift Policy Fights Fraudulent Business Practices

Market makers on Amsterdam Stock Exchange

Image via Wikipedia

FINRA is the acronym for the Financial Industry Regulatory Authority. Although the name sounds governmental, FINRA is actually a private corporation that oversees brokers and markets dealing with stock exchanges. The goal of FINRA is to ensure ethical and fair trading practices throughout the nation. One of the ways FINRA works to meet this goal is through establishing policies around corporate gifts. The main point of the FINRA gift policy is that business related gifts should be under $100 in value.

The reason it is important to monitor corporate gifts is because they can lead to fraudulent behavior. Almost all publicly held companies are required to maintain a corporate gift policy to avoid potential fraud. Fraud occurs when a large dollar gift sways a business partner, customer, or vendor in a business decision.

A possible example of fraud can be seen in a relationship between a large broker and wealthy investor. The investor may want to ensure a certain stock does well for his own financial purposes. The investor might offer the broker season tickets for his favorite professional sports team or an all-expense paid ski week in Colorado. In exchange, the investor might want the broker to encourage clients to buy or sell stock the broker would not otherwise endorse. This represents a type of financial fraud.

Everyone can agree fraud of this type should not be allowed. However, when it comes to monitoring gift compliance, many companies run into trouble. Most companies must prepare a financial disclosure statement of some kind on a quarterly or yearly basis. Depending on the company, corporate gifting may need to be a part of this statement. Publicly traded companies often have hundreds or thousands of employees, and gathering data about gifts can be an enormous task.

Employing the use of an expense and finance tracking software will help companies keep track of spending. This includes expenses related to corporate gifts provided by employees within the company. Corporations may also require each team member to utilize the software to report gifts they received from outside sources such as vendors.

Careful record keeping through the use of good financial compliance software will help companies maintain compliance with FINRA gift policy and procedures. It will also make preparation of financial disclosure statements less stressful, more accurate, and lower labor costs associated with reporting.

Neck Lanyards Are Wonderful For Business


A simple neck lanyard turns to a great branded instrument if handing it out as a promotional gift is a part of a carefully planned advertising policy. Pick a suitable model, style, color scheme and material, adapt the items with your company name, logo, promotional message, phrases of slogans, website, motto, contact information – something that you feel will help to familiarize your business – and provide them out to the largest possible number of people.  This can be easily done at best lanyards online.

Actually, the choice of professions, ages, social statuses and personal choices you can aim in this case is very vast. Doctors, business executives, office workers, salespeople, military men, university students, schoolchildren, fashion designers, retired people; also housewives will be glad to acquire a neck lanyard as a gift. The same can be said regarding your own workers and business partners.

Apparently, people experience expected irritation when they are provides hopeless things and are forced to memorize the facts they do not care about. That is why a lot of the people have learned to close down their awareness when they are exposed to the advertisements on television, radio and in the newspapers. The same with promotional items: no matter how much problem a business owner took to modify them, the information will not be correctly absorbed if the object is not valued and wanted.

An individual can acquire only one thing attached to a plastic lanyard, or also a few articles, and in this case there must be a few connecting devices. These devices can be different, for instance, pull-apart key rings, swivel hooks, producer of plastic or metal, or alligator clips.  The lanyards are also accessible in range of colors and styles. The most efficient thing to do will be having lanyards created in color proposal of your company’s brand image, however if you like to lessen the cost, it is probable to order a volume of ready-made lanyards and have them imprinted  together  with your logo and publicity message.