Series 24: Required Coverage

Taken from our Series 24 Online Guide

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Required Coverage

• Firms with net capital requirements under $250,000 must carry the greater of $100,000 or 120% of their net capital requirements in fidelity bond coverage.
• Firms with net capital above $250,000 must follow the tiered coverage:

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I used Solomon to study for the 26 and most recently the 24. The material is layered in way that makes it manageable to digest and the instructor response time and explanations are outstanding. I passed both on the first attempt!

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Minimum Coverage
Net Capital Requirement	Minimum Fidelity Coverage
$250,000–300,000	$600,000
$300,001–500,000	$700,000
$500,001–1,000,000	$800,000
$1,000,001–2,000,000	$1,000,000
$2,000,001–3,000,000	$1,500,000
$3,000,001–4,000,000	$2,000,000
$4,000,001–6,000,000