VA broker-dealer bonds.
From $100. Enter your amount.

Virginia registers broker-dealers through the State Corporation Commission’s Division of Securities and Retail Franchising, and under § 13.1-505 the Commission may condition that registration — or its renewal — on a surety bond, filed on the Commission’s form S.A. 11 in a penal sum the Commission sets and the statute caps at $25,000. Premiums cost 1.5% of the bond amount, $100 minimum; the application collects no credit information at the standard amount, and most applications approve instantly. Enter the penal sum on your Commission notice and your exact price appears at the application.

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Filed with the SCC Division of Securities and Retail Franchising whenever the Commission conditions your registration on a bond

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Penal sum is set by the Commission and capped at $25,000 — and no bond at all where net worth exceeds $25,000

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From $100, no credit section in the application — enter the penal sum and see your exact price at the application

From $1001.5% of the bond amountInstantissued the moment you payA-ratedA.M. Best carriers

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How it works

Apply to filed in one sitting.

The bond is the plainest piece of the Commission’s registration packet — enter your penal sum, pay, and file it with the rest. Here is the whole thing:

TODAY · ONLINE

Apply online

Your firm details, the penal sum the Commission set, and an effective date — that is the entire application. No financial statements, no credit section, no follow-up scavenger hunt.

INSTANTLY

Issued on the spot

The application collects no credit information at the standard amount, and pricing runs 1.5% of the bond amount from a $100 minimum — your executed bond and power of attorney generate as soon as you pay.

SAME DAY

File with the Commission

Your executed form S.A. 11 arrives by email, ready to file with the Division of Securities and Retail Franchising alongside the Form BD side of your CRD filing. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the broker-dealer bond actually guarantees

The Virginia Securities Act (Code of Virginia, Title 13.1, Chapter 5) makes it unlawful to transact business in the Commonwealth as a broker-dealer without registering with the State Corporation Commission. Registration runs through the Commission’s Division of Securities and Retail Franchising — FINRA members file Form BD through the CRD system — and § 13.1-505 lets the Commission attach a surety bond as a condition of that registration or of any renewal of it.

The bond is a three-party promise. You are the principal, the carrier is the surety, and the Commonwealth of Virginia is the obligee, with your Virginia clients as the protected parties. The statute frames it as a bond "for the protection of investors": if you fail to discharge the obligations the Securities Act imposes, fail to account for client money or securities coming into your hands, or leave civil penalties under the Act unsatisfied, a claim can reach the bond up to its penal sum.

It is not insurance for you. If the surety pays a claim, you reimburse the surety. Form S.A. 11 caps the surety’s aggregate liability at the penal sum and releases it from future breaches only after thirty days’ written notice to you and to the Commission — which is why a lapse is a registration problem, not a paperwork one. Broker-dealer registrations expire at midnight on December 31 each year under 21VAC5-20-20, so we track the bond and remind you well ahead of renewal season.

Code of Virginia § 13.1-505 (form S.A. 11)Section 13.1-505(B) of the Virginia Securities Act lets the State Corporation Commission require, as a condition of registration or renewal of registration, "a reasonable surety or other bond conditioned as the Commission may require for the protection of investors," in a penalty amount that may not exceed $25,000. The same subsection provides that no bond shall be required where the net worth of the broker-dealer or investment advisor exceeds $25,000, so in practice the requirement lands on smaller and newly formed firms. Subsection J then makes renewal a matter of course on receipt of the application, the fee, and any bond subsection B requires. The Commission’s form is S.A. 11, "Broker-Dealer’s Surety Bond," which runs to the Commonwealth of Virginia, limits the surety’s aggregate liability to the penal sum, and releases the surety from future breaches only after thirty days’ written notice to the principal and to the Commission. Registrations under 21VAC5-20 expire at midnight on December 31 unless renewed. Confirm the penal sum on your Commission correspondence — we will issue whichever amount it names.

You need this bond if you are

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Registering a broker-dealer in Virginia and the Commission has conditioned the registration on a bond

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Renewing before December 31 with a bond the Commission still requires as a condition

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Below the $25,000 net-worth line and posting a bond instead of carrying the capital

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Expanding into Virginia from another state and registering with the Division for the first time

One application, issued on the spot.

These are the actual issuing fields — no credit section, because this application does not collect credit information.

Start the application →

FAQ

Common questions.

How much is the Virginia broker-dealer bond?Premiums cost 1.5% of the bond amount, with a $100 minimum. The penal sum itself is whatever the State Corporation Commission set — § 13.1-505 caps it at $25,000 — so enter that figure and your exact price appears at the application.

What amount should I enter?The penal sum named in your Commission correspondence. Section 13.1-505 caps it at $25,000, and no bond is required at all where the firm’s net worth exceeds $25,000, so filings land at or below that ceiling. If the notice is ambiguous, send it to us and we will confirm before issuing.

Do I pay the full bond amount?No. You pay a premium — 1.5% of the penal sum, $100 minimum. The penal sum is the surety’s maximum liability if a valid claim is made under the Securities Act. It is not a deposit, and nobody holds your money.

Where do I file it?With the Commission’s Division of Securities and Retail Franchising, on form S.A. 11, alongside the rest of your registration or renewal packet. FINRA members handle the Form BD side through CRD; the bond itself goes to the Commission. We deliver the executed bond and power of attorney by email and mail a wet-ink original when the Division asks for one.

Is there a credit check?The application collects no credit information at the standard amount, and most applications approve instantly. If a check ever runs on this bond, it is a soft pull that will not affect your score.

Related bonds

Other Virginia bonds.

Registration waiting on one filing.

Pricing from $100 at a rate of 1.5% of the bond amount. Enter the penal sum the Commission set and file the same day. Free until issued.

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