South Carolina broker dealers and investment advisers may, as a condition of licensing, be required to furnish evidence of a surety bond.
The surety bond required is in one of two amounts: $35,000 or $50,000.
Our agency offers either of these two bonds as an instant issue surety bond for your compliance with the state’s Attorney General Office.
AmeriPro Surety Bonds offers you the South Carolina investment adviser/broker dealer bond as an instant issue surety bond.
What this means in the practical order for you is that after completion of an application, and payment of the premium, the broker dealer surety bond is issued to you immediately.
Once issued, a copy of the bond can be emailed to you for no additional charge, and the original bond – which you will need to both sign and have notarized --- will be sent in the mail the following business day.
To be clear, there is no underwriting and no credit inquiry involved in this bond’s purchase through our agency.
The breakdown for the premium payment is as follows:
This surety bond is issued for a standard term of one year, and thereafter the bond is renewed. A current and active surety bond must remain on file as a condition of licensing.
Our agency also offers you the option to prepay this surety bond for 2 or 3 years. This offers you a savings over a year to renewal of the surety bond premium. No mid-term refunds are provided once payment is completed,
Premium prepayment options are as follows:
--- $35,000 Surety Bond ---
--- $50,000 Surety Bond ----
The surety bond serves as a financial guarantee that you will act in a proper fiduciary capacity as an investment adviser or broker dealer. The bond protects against act of misfeasance and malfeasance, as well as fraud, and misrepresentation.
As principal of this bond, you must indemnify the surety if any claims were paid against your bond; however, the aggregate amount of such claims will not exceed the amount of the bond, excluding any attorney fees and costs, if applicable.
AmeriPro Surety Bonds is a surety bonds only agency which provides license and permit surety bonds throughout South Carolina.
We also provide surety bonds nationwide. Please call our agency today at:
Or, you may fill out the form below and an agent will contact you…