Can a Financial Advisor or Stockbroker get Bonded?
Can a Financial Advisor or Stockbroker get bonded? I currently have E&O insurance through my firm, but it will only cover so much. Would it be a good idea to have myself bonded? In this market and in this financial environment clients and individuals are quite nervous, and it can be a financial nightmare if a client comes after you for compensation of losses or possibly suing you. Would it be a good idea to protect myself as an individual and have myself bonded? Is it even possible to have myself bonded? Any feedback would be greatly appreciated. Thank you.