On August 5, 2016, FINRA in Regulatory-Notice 16–29 proposed revisions to its regulation of broker-dealer gifts, entertainment and non-cash compensation (the “proposal”) and requested comment to the same. The comment period expires on September 23, 2016. The proposal would consolidate FINRA’s regulation of gifts, gratuities, and non-cash compensation into a single FINRA rule series; increase the current gift limit to $175 per recipient per year; amend FINRA’s non-cash compensation regulation to cover sales of all securities products; and consolidate certain interpretive guidance into the proposed rules, among other changes.