Broker Dealers Surety Bond Form. This is a Virginia form and can be use in Blue Sky Secretary Of State.
Tags: Broker Dealers Surety Bond, S.A. 11, Virginia Secretary Of State, Blue Sky
S.A. 11 (Revised 7/99) COMMONWEALTH OF VIRGINIA STATE CORPORATION COMMISSION DIVISION OF SECURITIES AND RETAIL FRANCHISING BROKER-DEALERS SURETY BOND ____________________________ of ________________________ as principal, and _______________________________________________ a corporation organized and existing under the laws of the State of ____________________________, and authori zed to write bonds in the Commonwealth of Virginia, as Surety, are held and firmly bound unto the COMMONWEALTH OF VIRGINIA in the penal sum of $_____________ for the payment of which, well and truly to be made, we, and each of us, bind ourselves, our heirs, successors and assi gns, jointly and severally, firmly by these presents. SIGNED, SEALED AND DATED this ______ day of _____________, _____. THE CONDITIONS OF THIS OBLIGATION ARE SUCH THAT: Whereas, the said Principal has applied to the State Corporation Commiss ion of the Commonwealth of Virginia for registration (or renewal of registration) as an broker-dealer pursuant to the Securities Act (Chapter 5, Title 13.1, Code of Virginia (1950) , as amended) and, in accordance with 13.1-505 thereof, the State Corporation Commission h as conditioned registration (or renewal of registration) upon the Principal filing a surety bond; Therefore, the conditions of this obligation are such that if the Princi pal, in connection with his investment advisory business transacted in Virginia, discharges all obligations imposed on him as an investment advisor registered under the Securities Act, accounts for all money and securities coming into his hands for the use of his clients, fully performs all inv estment advisory contracts to which he is a party, and satisfies all civil penalties provided in the S ecurities Act for which said Principal may become liable, then this obligation shall be null and void ; otherwise, to remain in full force and effect; Provided, this bond shall cover the acts of the Principal during the per iod of registration; andin no event shall the Suretys aggregate liability hereunder for all los ses exceed the penal sum of $_______________. Provided further, the Surety may be released from liability for future b reaches of the conditions of this bond only after thirty days have elapsed from the giv ing of written notice to the Principal and to the State Corporation Commission of the Commonwealth of Virginia, of its desire to be released. _____________________________________ (Principal) (SEAL OF PRINCIPAL) By___________________________________ (If Principal is Partnership or Corporation) Title__________________________________ American LegalNet, Inc. www.USCourtForms.com>>>> 2(SEAL OF SURETY) ________________________________________________ (Surety) By______________________________________________ (Officer or Attorney-in-Fact) Countersigned by _______________________________________ (Name of Agency) _______________________________________ (Resident Virginia Agent) Date___________________________________ American LegalNet, Inc. www.USCourtForms.com