Quote from LEAPup:
Well, as a Broker Dealer registered with FINRA (sorry about this Don), it's fully Compliant and legal for Don to fly a prospective new Trader/employee to for example, to the Bahamas for a weekend for an 'about our Firm' kind of event. He can legally/with Compliance approval fly the prospective Trader there, pay for lodging, meals, and entertainment.
He is NOT allowed to fly the "prospective traders" spouse or family, nor pay any of their expenses if they accompany the prospective trader, however. He is also NOT allowed to hand money to a prospective trader at this point to "have a good time on." Not even a dollar bill. Literally!
He can, however, (hint! Lol!) pay for the entire trip (only for the prospective trader/employee), pay the airfare, lodging, rental car/limo, meals, and entertainment. He can't buy the prospective trader/employee a new Rolex, and a Ferrari. That won't fly. the above will though.![]()
How about it Don? You hold the event, mav, others, and myself will be there.Hope I'm not throwing you under the "this is going to get expensive" bus.
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I think you scared Don off with all these demands.
), it's fully Compliant and legal for Don to fly a prospective new Trader/employee to for example, to the Bahamas for a weekend for an 'about our Firm' kind of event. He can legally/with Compliance approval fly the prospective Trader there, pay for lodging, meals, and entertainment.