Virginia broker-dealer bonds.
From $100.
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 on a surety bond, in a penal sum the Commission sets and the statute caps at $25,000. Premiums cost 1.5% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a Virginia broker-dealer bond cost?
1.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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:
Apply online
Your firm details, the penal sum the Commission set, and an effective date — that is the application. No credit check up to $25,000.
Issued on the spot
No credit check up to $25,000, 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.
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.
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.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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.
What sets the price
The premium is 1.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
These are the actual issuing fields. No credit check up to $25,000.
Start the application →Common questions.
Other Virginia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
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.