Surety Bond Requirements (HAR §16-39-434)

  • Advisers with custody or discretionary authority shall be bonded for $50,000
  • Advisers with custody or discretionary authority who do not meet the minimum financial requirements (HAR §16-39-433) shall be bonded in the amount of the net worth deficiency rounded up to the nearest $5,000
  • Advisers who maintain a principal place of business outside of Hawaii are exempt from the bonding requirements as long as the adviser is registered in the state where it maintains its principal place of business and is in compliance with that state’s bonding requirements