Series 24: 2.7.10.3. Fidelity Bonds

Taken from our Series 24 Online Guide

 2.7.10.3.  Fidelity Bonds

A fidelity bond is a type of business insurance that protects the business from employees’ dishonest acts. In other words, if a broker-dealer employee acts fraudulently and costs the firm several million dollars by doing so, a fidelity bond would cover those costs to protect the firm’s financial integrity. An employee is defined by this rule as anyone associated with the firm except

Since you're reading about Series 24: 2.7.10.3. Fidelity Bonds, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 24
Please Enable Javascript
to view this content!