Series 51: Rule G-20—Limitations On Gifts, Gratuities, And Non-Cash Compensation

Taken from our Series 51 Online Guide

Rule G-20—Limitations on Gifts, Gratuities, and Non-Cash Compensation

Broker-dealers and municipal advisors are prohibited from offering their customers gifts in excess of $100 per year, except for occasional gifts of meals or tickets to theatrical, sporting, and other entertainments. Non-cash compensation in excess of this amount is, likewise, not allowed.

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I am still so giddy that I passed my Series 7 on 1/31. I truly cannot believe it. I took the 7 three times in 2019 utilizing Kaplan study materials and didn't feel good going into the tests any of the times. So shockingly I failed all three times by a lot. My highest score was a 68%. I used Solomon for my 51 in September (passed on the first try) so I thought I could try it for my 7 even though it is the hardest securities test I have taken. I felt so good going into the testing center and I passed!!! I am so grateful to have found your materials. They have been incredibly helpful and I am able to understand all the material covered in the books. I still am in shock that I passed. Now off to the 24!

Briana Turner, Cambridge Investment Research. Virginia Beach, VA

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Jason Smith, Primerica, Duluth, GA

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Michael