A member, member firm, broker association, trading group or an employee of any of the foregoing may not give, directly or indirectly, to any employee of another member, member firm, broker association or trading group any gratuities or gifts with an aggregate market value in excess of $100 within any twelve-month period.

This rule applies notwithstanding any internal policy of an entity that allows for gifts in excess of $100. The requirements of this rule apply to both the providers and the recipients of such gifts and gratuities. (11/29/07)