Series 7 - General Securities Representative Exam

Preview Mode

At your health club, a personal trainer approaches you about a business arrangement. She said she would be willing to send you an investor referral in exchange for monetary compensation. Which of the following is acceptable by you?

You can pay the personal trainer for the referral
A
You can pay the personal trainer; but only up to a maximum of $500
B
You can only give $100 maximum for the referral
C
You cannot do anything in this situation; as the other person is not registered
D

Explanations

You cannot compensate for referrals. There is a gift limit of $100 per year, but not as compensation for a referral

Pricing