Patrina's gift & entertaiment module streamlines compliance
FINRA wants you to monitor, track, and report any exchange of cash, non-cash gifts, and gratuities. The Authority is paying special attention to conflicts of interest and closely monitoring how much firms may be “paying to secure new business.”
Designed to eliminate the potential for undue influence, FINRA Rule 3220 limits how much member firms and associates may give or permit to be given to any person, principal, proprietor, employee, agent, or another’s representative. Gifts, cash, or gratuities cannot exceed $100 dollars per person per year when the exercise is related to the recipient’s employer or business.
Patrina tames unwieldy FINRA Rule 3220 compliance
One of 8 powerful modules built on the industry’s easiest-to-use interface, Patrina’s Gifts & Entertainment Module streamlines gift request submissions, data collection, documentation, management, oversight, and reporting from a single Patrina dashboard — whether you are a one-branch shop or a multinational.
Be transparent and 17a-4 compliant
Patrina’s Gifts & Entertainment Module’s built-in workflows permit you to easily and accurately:
- Disclose gifts and entertainment expenses;
- Disseminate Gift & Entertainment requests to appropriate parties for review and approval;
- Generate custom reports tracking recipients, totals, date ranges, types of gifts/expenses; and
- Comply fully with 17a-4 requirements.
Patrina’s that simple
Point. Click. Compliance..
So, when the regulators call, will you be ready?
Click here to schedule your Patrina demo or call +1.212.233.1155 today and we’ll help you do more, spend less, and reduce risk!
