How much does an investment adviser or broker-dealer bond cost in Nebraska?
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, because SuretyBonds.com 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 1 (800) 308-4358. Or, contact us online now to request your free surety bond quote.
|Bond Type||Bond Amount||Cost*|
|$25,000 Investment Adviser or Broker-Dealer Bond||$25,000||Starts at $250||Apply Now|
To request your free surety bond quote, call 1 (800) 308-4358, or request a quote online to connect with our team of experts!
Why do I need 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
What’s the fine print?
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.
How to become an investment adviser or broker-dealer in Nebraska
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
Detailed licensing information can be found in the “Additional Resources” section below.
Kickstart the registration process to become an investment adviser or broker dealer in Nebraska. Purchase your surety bond today to get started.
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