Series 28: Fidelity Bond Minimum Required Coverage

Taken from our Series 28 Online Guide

Fidelity Bond Minimum Required Coverage

A member with a net capital requirement of less than $250,000 must maintain minimum fidelity bond coverage of the greater of (1) 120% of the member’s required net capital or (2) $100,000. A member with a net capital requirement of $250,000 or more must maintain minimum fidelity bond coverage in accordance with the following table:

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Net Capital Requirement	Minimum Coverage
$250,000–300,000	$600,000
$300,000–500,000	$700,000
$1,000,000–2,000,000	$1,000,000
$4,000,000–6,000,000	$3,000,000
$12,000,000 and above