Series 24: Required Coverage

Taken from our Series 24 Online Guide

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Required Coverage

Firms with net capital requirements under $250,000 must carry the greater of $100,000 or 120% of their net capital requirements in fidelity bond coverage.

Firms with net capital above $250,000 must follow the tiered coverage:

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Minimum Coverage

Net Capital Requirement

Minimum Fidelity Coverage

$250,000–300,000

$600,000

$300,001–500,000

$700,000

$500,001–1,000,000

$800,000

$1,000,001–2,000,000

$1,000,000

$2,000,001–3,000,000

$1,500,000

$3,000,001–4,000,000

$2,000,000

$4,000,001–6,000,000

$3,000,000

$6,000,001–12,000,000

$4,000,000

$12,000,001 and above

$5,00