Federal Register #SR-LTSE-2026-25

SEC notice of LTSE’s proposed changes to its gifts and gratuities rule

The Securities and Exchange Commission (SEC) notice covers a proposed change to Long-Term Stock Exchange, Inc. (LTSE)’s gifts and gratuities rule, not a purchase of goods or services. - Government agency: Securities and Exchange Commission (SEC); no sub-agency or office is identified. - Proposed change: LTSE would align LTSE Rule 3.291 substantially with Financial Industry Regulatory Authority, Inc. (FINRA) Rule 3220. - The annual gift limit would rise from $100 to $300. - The rule would add or clarify exemptions, gift valuation and aggregation, supervision and recordkeeping, and exceptions for specified gifts. - Stated purpose: Support adding the rule to the LTSE-FINRA regulatory responsibility agreement and reduce duplicative regulation. - The notice invites comments on the proposed rule change; no products, services, quantities, or part numbers are requested.

Description

The Securities and Exchange Commission notice concerns Long-Term Stock Exchange, Inc.'s proposed amendment to LTSE Rule 3.291, which addresses gifts and gratuities to employees of others. The changes would make the rule substantially similar to FINRA Rule 3220, including increasing the annual gift limit from $100 to $300 and adding provisions on exemptions, gift valuation and aggregation, recordkeeping, and exceptions for certain gifts. The stated purpose is to support inclusion of the rule in the LTSE-FINRA regulatory responsibility agreement and reduce duplicative regulation. The rule change became effective upon filing, and comments were invited through November 25, 2026.

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