002-10 Wyo. Code R. § 10-10
(a) Any bond required by this Section shall be issued by a company qualified to do business in this state in the form determined by the Secretary of State and shall be subject to the claims of all clients of such investment adviser regardless of the client's state of residence.
(b) Every investment adviser registered or required to be registered under the Act having custody of or discretionary authority over client funds or securities shall be bonded in the amount of $10,000 unless a greater amount is otherwise determined by the Secretary of State.
(c) Independent of the bond amount required by subsection (b) of this Section, every investment adviser registered or required to be registered under the Act who has custody or discretion of client funds or securities who does not meet the minimum net worth standard in Section 6 shall be bonded in the amount of the net worth deficiency rounded up to the nearest $5,000. However an investment adviser registered or required to be registered under the Act who accepts prepayment of more than $500 per client and six or more months in advance shall maintain at all times a positive net worth of $35,000.
(d) An investment adviser that has its principal place of business in a state other than this state shall be exempt from the requirements of subsection (a) of this Section, provided that the investment adviser is registered or licensed as an investment adviser in the state where it has its principal place of business and is in compliance with such state's requirements relating to bonding.
(e) Required bond amounts of subsections (b) and (c) of this Section may be on separate bonds or combined in one bond at the discretion of the investment adviser and their surety holder unless otherwise determined by the Secretary of State.
002-10 Wyo. Code R. § 10-10
Adopted, Eff. 10/27/2017.