Question of the Week

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


Answer:

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.