Investment adviser bond cost
The Oregon Department of Consumer & Business Services requires investment advisers to post a $10,000 surety bond. These bonds are subject to underwriting, which means the amount an applicant will pay is directly related to his or her credit report. With an excellent report, applicants could pay as low as $100 for their bond! Our team of bond experts is dedicated to getting you bonded quickly, easily and accurately.
Why this bond
Investment adviser bonds in Oregon exist to protect customers from any fraudulent activities performed by investment advisers. All rules and regulations stated in the Oregon Revised Statutes Chapter 59 must be adhered to. Some of these laws include:
- acting honestly and legally when dealing with purchases or sales of securities
- only acting as an adviser if qualified
- delivering securities to necessary persons in a timely manner
If an adviser is found guilty of committing fraud and a valid claim is made against the bond, the surety will cover any damages up to the full bond amount. The principal (investment adviser), in turn, must compensate the surety for any damages paid out.
Take the first step toward getting bonded today by submitting an online bond request! We are committed to getting you bonded as quickly as possible, so you can focus on what matters: running your business.
Investment adviser bond details
Oregon investment adviser surety bonds are continuous until canceled. If the surety decides to cancel this bond, written notice must be given to the state at least 30 days prior to cancellation.
When filling out the bond form, be sure to use your full legal name as it appears on your license.
Become an investment adviser in Oregon
Becoming bonded is the first step toward becoming a licensed investment adviser in Oregon. Before you can obtain your license you must:
- file your license through the IARD system
- state your principal office and place of business
- complete your SEC registration
- turn in your form of organization
- clearly state any successions
- state the types of clients you will be working with
Apply for your surety bond
Get a FREE Oregon Investment Adviser Bond Quote Today! Click here to begin