Q:

Under the Uniform Securities Act, a broker-dealer is generally required to obtain surety bond coverage in what amount?
a) $25,000
b) $20,000
c) $10,000
d) $5,000

A:
The correct answer is c. The correct answer is $10,000. While the Act states that the Administrator may set the amount, the old law required a $10,000 surety bond, and most states do require this amount.

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