South Carolina Investment Adviser/Broker-Dealer Bond

Know the who, what, and how of this surety bond today!

South Carolina Investment Adviser/Broker-Dealer Bond

What is an Investment Adviser/Broker-Dealer Bond?

All persons intending to become either an investment adviser or broker-dealer in the State of South Carolina are required to procure a surety bond before they can transact business within the State.
The purpose of the surety bond is to ensure the compliance of the investment advisers and broker-dealers to the South Carolina Uniform Securities Act of 2005 as well as to the applicable rules and regulations that governs the industry.
As part of the surety bond’s condition, if the investment adviser or broker-dealer commits a misconduct, the Obligee will have the right to take action against the bond.

An investment adviser is a person who:

  • Advises others regarding the value of securities
  • Advises others regarding selling or buying securities
  • Promulgate reports that pertains to securities

Broker-dealers, on the other hand, are persons who manages securities transactions for the person’s own account or the account of others.

What is an Investment Adviser/Broker-Dealer Bond amount?

The bond amount is $35,000.
If you have an excellent credit score, you will be eligible for a very low bond premium!
Know what you need to pay right now! GET YOUR FREE QUOTE HERE today!

How can I get an Investment Adviser/Broker-Dealer Bond?

You can easily get this surety bond from us! We will guide you through the entire process. We’ll make sure that you will understand what you are getting into.

Here’s how to do get bonded:

  1. You have to send an application to us. If you are ready to do that now, you may APPLY HERE!
  2. After we have received your application, we will ask you to submit the necessary information needed for the underwriting process. These are the following:
    • Your financial capability
    • Your business or job performance history
    • Your credit score

    An expert underwriter will carefully evaluate all three in order to attain the best credit decision possible. To avoid any delay, please make sure to submit all the required information in a timely manner.

  3. Your surety bond will be issued and sent to you!

What are the surety bond conditions?

  • The surety bond should be issued by a surety bond agent or company that is authorized to conduct business in the State of South Carolina
  • The surety bond should be made payable to the State of South Carolina
  • The investment adviser or broker-dealer must comply with the provisions of the South Carolina Uniform Securities Act of 2005 as well as the rules and regulations set forth by the South Carolina Attorney General
  • If the investment adviser or broker-dealer commits a violation, the aggrieved party will be eligible to file a claim against the surety bond

GET YOUR FREE SURETY BOND QUOTE TODAY!

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