A registered person has received a gift valued at $150 from the FINRA member firm. This gift is considered:

In the context of securities regulations and industry standards, gifts received by registered persons from their firms or affiliated parties can raise concerns regarding fair practice and potential undue influence. According to FINRA rules, gifts valued above a specific threshold can be considered problematic because they might affect the integrity of the advisor-client relationship or imply favoritism or bias.

A gift valued at $150 from a FINRA member firm is regarded as excessive under these regulations. Under FINRA Rule 3220, there is a limit on the value of gifts that registered persons can receive from their firms to ensure that they do not create conflicts of interest or the appearance of impropriety. Gifts that are perceived as excessive can undermine the trust in the financial advisory process and distort the advisor's professional judgment.

Therefore, the classification of a $150 gift as excessive highlights the importance of maintaining ethical boundaries and ensuring that gifts do not compromise the integrity of the financial industry.