Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do the rules require firms to hold cover for fraudulent as well as negligent acts?

April 26, 2017acts cover firms fraudulent hold negligent require rules

0

Posted

Do the rules require firms to hold cover for fraudulent as well as negligent acts?

1 Answer

0

Posted

Yes, we expect to see cover for both. While you should discuss the wording with your broker, you must remember that the adequacy of the policy is ultimately the responsibility of your firm.