Series 24: 2.8.9. Fidelity Bonds

Taken from our Series 24 Online Guide

2.8.9. 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 for sole proprietors, sol

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I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

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