Australian regulators in gifts and hospitality scandal
By Cristian Angeloni, 24 Jan 19
Asic received presents from companies that, at the time, were subject to investigations
USA – Securities and Exchange Commission
Employees of the SEC have 30 days to declare securities transactions which must include the name of the security, the date, the quantity, price, the nature and the name of the agency through which the transaction took place.
In terms of gifts, anything that is worth over $250 (£192, €220) annually from a single giver is not permitted and employees must decline or return the present.
However, such gifts can only be sent to SEC’s offices and not to the employee’s residence.
