West Virginia — Broker-Dealer Bond
West Virginia's securities rule provides a $10,000 bond when a broker-dealer fails to meet or maintain the applicable minimum net capital. Confirm that this route applies to the firm before applying. Commissioner approval is required for the bond to become effective for the filing.
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- Recorded state
- West Virginia
- Bond type
- Broker-Dealer / Investment Adviser Bond
- Category
- Financial services
What this bond does
The undertaking binds the registered principal and surety to the State of West Virginia. Its conditions cover Chapter 32 duties, securities-sale contracts and accounting for investor money and securities, together with any additional conditions imposed by the Commissioner.
- Who needs it
- A broker-dealer addressing a West Virginia financial-security requirement. Bring the firm's state and federal registration information, net-capital computation and the Securities Commission's directions.
- Who it protects
- The rule gives Securities Act claimants a right to sue on the State obligation. Current section 32-2-202 also sets the statutory claim framework and financial limitations. The bond's approval and coverage conditions matter separately from purchase and from the firm's registration.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- West Virginia Secretary of State: securities rules (opens in a new tab)Checked October 26, 2026
- West Virginia Rule 111-1-11: broker-dealer registration (opens in a new tab)Checked October 26, 2026
- West Virginia Code 32-2-202: registration and security (opens in a new tab)Checked October 26, 2026
Have these ready
- Provide the legal broker-dealer and state and federal registration details.
- Prepare the net-capital computation and identify any applicable exemption.
- Obtain Commission confirmation of the required financial-security route.
- Match the State obligation, conditions, required sum and effective entries.
- Secure approval and retain the accepted undertaking with filing evidence.
Questions about this bond
Is the required bond always $25,000?
The rule specifies a $10,000 bond for its capital-failure route. $25,000 appears in the rule's capital benchmark and the statute's maximum bonding authority; neither makes every broker-dealer bond $25,000. Confirm the firm's applicable requirement.
Does buying the bond make it effective with the Commission?
The operative rule expressly requires Commissioner approval before the bond is effective for this purpose. Match the accepted form and conditions and obtain that approval rather than treating payment as completion of the regulatory filing.
What happens after Purchase Now?
Propeller's West Virginia broker-dealer application opens in a new tab. Match the legal firm, State obligation, Commission-required conditions, sum and dates. Review and execute the undertaking, then submit it for approval as directed. Purchase does not grant registration or excuse federal capital duties.