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.
Financial Professionals
  1. How Much Does A Financial Advisor Earn?
    Investing Basics

    How Much Does A Financial Advisor Earn?

  2. Growth Strategies For Financial Advisors
    Professionals

    Growth Strategies For Financial Advisors

  3. Eyeing China? Consider These Economic Indicators
    Economics

    Eyeing China? Consider These Economic Indicators

  4. 8 Essential Tips For Retirement Saving
    Investing Basics

    8 Essential Tips For Retirement Saving

  5. 'Donut Hole' Essentials For The Financial Advisor
    Investing Basics

    'Donut Hole' Essentials For The Financial Advisor