Commentary and musings on the complex, fascinating and peculiar world that is securities regulation
Thursday, May 24, 2012
Kansas Waives Surety Bond Requirement for Investment Advisers
Investment advisers having custody of, or discretionary authority over, their clients' funds or securities are no longer required to maintain a surety bond. The minimum $35,000 surety bond requirement was waived by administrative order of the Kansas Securities Commissioner, effective May 21, 2012.