Investment adviser or broker-dealer bond cost
The Nebraska Department of Banking and Finance requires the state’s investment advisers and broker-dealers to post a $25,000 surety bond. Premiums are determined during an underwriting process that involves a review of the applicant’s credit report. Don’t worry if you have credit issues, though, because we can approve 99% of applicants through our exclusive bad credit bonding program.
The best way to determine your exact bond cost is to contact a surety expert by calling 888.610.4474 or submit a bond request.
Why this bond
Nebraska investment adviser and broker-dealer bonds ensure that principals (advisers or broker-dealers) comply with the rules and regulations stated in Section 8 of the Securities Act of Nebraska. Some of these terms include:
- working only once registered, and maintaining proper registration and bonding
- employing only registered advisers
- keeping stated place of business or notifying the Department of any changes
- passing all necessary exams
- keeping up-to-date records
- avoiding any false or misleading advertising
Investment adviser or broker-dealer bond details
This bond form covers both investment advisers and broker-dealers, so applicants must indicate the desired license type during the bonding process. The principal’s signature must be witnessed by a licensed notary.
These bonds are effective for the entirety of the adviser’s registration period. The surety can only cancel the bond by giving 30 days written notice of cancellation to the Nebraska Department of Banking and Finance.
Become an investment adviser or broker-dealer
To become a registered investment adviser in Nebraska, applicants must submit the following materials along with their application:
- $200 application fee
- completed Affidavit of Investment Adviser Activity in Nebraska form
- current audited financial statement
- copy of the adviser’s Articles of Incorporation
- Corporate Resolution
- $25,000 surety bond
- promotional and/or disclosure literature
- and more
Apply for your surety bond
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