The Ohio Division of Securities requires dealers of securities in Ohio to obtain a surety bond if they are instra-state dealers not registered through the Securities and Exchange Commission, and who do not have sufficient net capital of at least $25,000. The bond provides a guarantee to the Division and the public, from the surety company (Jet), that reimbursement is available to anyone who sustains financial damage as a result of a dealer’s fraudulent actions.
Jet’s mission is to provide sustainable and efficient surety bonds to individuals and businesses directly with no middlemen brokers involved. Apply for your Ohio Securities Division Bond with Jet by clicking the button above.
Legislation regarding the requirement can be found in Ohio Revised Code 1707.142(C) and Ohio Administrative Code 1301:6-3-14.2(J).