Fidelity Bond Excess Deductible Amounts
A fidelity bond is a type of business insurance that protects the business from dishonest acts by its employees. For example, if a broker-dealer employee acts fraudulently and costs the firm several million dollars, a fidelity bond would cover those costs to protect the firm’s financial integrity. FINRA Rule 4360 requires that all member firms that are members of SIPC carry fidelity bond coverage. Minimum coverage depends on a f
