WebProposed Funding Portal Rule 110(b) sets forth a streamlined version of FINRA Rule 4360 (Fidelity Bonds) and requires funding portal members to maintain fidelity bond coverage with minimum required coverage, deductible provision and notification of cancellation, termination or substantial modification of coverage. WebProposed Funding Portal Rule 110(b) sets forth a streamlined version of FINRA Rule 4360 (Fidelity Bonds) and requires funding portal members to maintain fidelity bond coverage. The rule addresses among other things the minimum required coverage, deductible provision and notification of cancellation, termination or substantial modification of
Fidelity Bonds Rule approved for inclusion in Consolidated …
Web$250,000, then you are required to carry a Fidelity Bond in the amount of 120 percent of your required net capital or $100,000, whichever is greater. If your required net capital is … WebOct 14, 2014 · FINRA Rule 4360 requires a member (including a firm that signs a multi-year insurance policy), annually as of the yearly anniversary date of the issuance of the fidelity bond, to review the adequacy of its fidelity bond coverage and make any required adjustments to its coverage, as set forth in the rule. gdb where 見方
8011-01p SECURITIES AND EXCHANGE COMMISSION Similar …
WebOct 14, 2014 · The Exchange notes that at the time of the filing it sought to replace the current rule in its entirety and adopt the FINRA rule as noted in the original filing.\5\ FINRA Rule 4360 requires a member (including a firm that signs a multi-year insurance policy), annually as of the yearly anniversary date of the issuance of the fidelity bond, to ... WebFINRA Rule 4360: Fidelity Bond To determine Fidelity Bond requirements, firms must use their highest net capital requirement over the 12 month preceding the computation. The 12 month period includes 12 months that ends 60 days before the anniversary bond date. Webfidelity bonds.7 FINRA adopted NASD Rule 3020 as FINRA Rule 4360, taking into account NYSE Rule 319 and its Interpretation. FINRA Rule 4360 updates and clarifies fidelity bond requirements for member firms and better reflects current industry practices. 5 See Securities Exchange Act Release Nos. 56148 (July 26, 2007), 72 FR 42146 daytona beach wind speed