Bonding Requirements for Intrastate Broker-Dealers

Bonding Requirements for Intrastate Broker-Dealers. Every broker-dealer registered or required to be registered under this Act whose business is exclusively intrastate, who does not make use of any facility of a national securities exchange, and who is not registered under Section 15 of the Securities Exchange Act of 1934 shall be bonded in an amount of not less than Thirty Thousand Dollars ($30,000.00) by a bonding company qualified to do business in this state.