N.M. Code R. § 12.11.2.19

Current through Register Vol. 35, No. 11, June 11, 2024

Section 12.11.2.19 - FIDELITY BONDS

A. Every broker-dealer shall file with the director a surety bond in the amount set by the director, with a minimum of $100,000 and a maximum of $1,000,000, except as provided in Subsections B and C of 12.11.2.19 NMAC. The bond shall comply with the requirements of Subsection E of Section 411of the New Mexico Uniform Securities Act.

B. Broker-dealers who are members of the securities investor protection corporation will not be required to file the surety bond.

C. Broker-dealers who do not have custody of customer funds or securities will not be required to file the surety bond.

D. Issuer agents shall file with the director a surety bond in the amount set by the director, with a minimum of $10,000 and a maximum of $100,000.

N.M. Code R. § 12.11.2.19

12.11.2.19 NMAC - Rp, 12.11.2.19 NMAC, 1-1-2010