Question

To be registered as a broker-dealer, the Administrator typically requires the posting of a surety bond in the amount of:

Answer 1

$10,000

Step-by-step explanation:

Most of the time the Administrator requires a posting of a $10,000 surety bond to be registered as a broker-dealer, due to the Uniform Securities act but each separate state administrator can change this amount to what they seem fit. A surety bond makes sure that the individual assumes responsibility for that amount of debt obligation if the borrower defaults on the payment.