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Mississippi Investment Adviser Surety Bond

A Mississippi investment adviser meets with clients

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The State of Mississippi Secretary of State Securities Division administers the Uniform Securities Laws and regulates both the sale of securities and licensing of professionals in the securities industry, including Investment Advisers. Mississippi Code Annotated ยง75-71-400 provides details for investment advisers. Investment advisers must also meet conditions set forth in the Mississippi Securities Act Rules 631.

Surety Bond and Registration Requirements:

  1. Payment of a filing fee and application for registration through IARD with any required attachments.
  2. Copies of all client contracts or agreements.
  3. Obtain a $30,000 surety bond if the investment adviser has custody of client funds or meet the minimum net worth of $30,000.
  4. Obtain a $10,000 surety bond if the investment adviser has discretionary authority of client funds or meet the minimum net worth of $10,000.
  5. Complete the Consent of Service.
  6. Provide copy of certification for either the Formation of Incorporation or Articles of Incorporation.
  7. Provide the URL for the applicant or firm of the applicant.
  8. De Minimis- applicants that do not have a physical business location in Mississippi and that have less than five clients are not required to register.

How Much Will This Bond Cost?

The premium that you pay for a Mississippi Investment Adviser Surety Bond is dependent on the bond amount needed and personal credit.

Did You Know?

An investment adviser can only be registered with one investment adviser at a time in Mississippi.

Related Links:

Mississippi Investment Adviser FAQs
Mississippi Securities Act Rules

More Surety Bond Questions?

Check out our FAQ page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.

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