FINRA Fines First Trust $10M for Exceeding Gift Limits With Basketball, Broadway Tickets

Published on November 3, 2025

According to FINRA, the firm will pay $10 million to settle charges that it spent hundreds of thousands of dollars on non-cash compensation, sometimes conditioning gifts on reps selling First Trust products.

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First Trust Portfolios to Pay $10M Over Excessive Gifts to Reps

November 3, 2025
First Trust preconditioned gifts on reps of client frms achieving sales targets, FINRA said.