Investment Adviser Bond

An Investment Adviser Bond is a type of surety bond required in Michigan for those seeking to register or renew a registration from the Administrator of the Michigan Uniform Securities Act, to legally conduct business as an Investment Adviser in the State of Michigan. The bond is typically required by the Administrator in lieu of compliance with the net worth requirements prescribed under the Securities Act. The surety bond ensures that the bonded principal performs and discharge all obligations imposed on him or her as an Investment Adviser registered under the Securities Act of Michigan and properly accounts for all monies and securities handled for the benefit of investors.