The Massachusetts Uniform Surety Bond Form for Broker-Dealers and Investment Advisers is a legal document issued by the Massachusetts Secretary of State Securities Division. The bond is used to provide financial protection for customers of a broker-dealer or investment adviser in the event of a breach of fiduciary duty or other violation of state securities laws. The bond is required for the registration of any broker-dealer or investment adviser in the state of Massachusetts. The Massachusetts Uniform Surety Bond Form for Broker-Dealers and Investment Advisers is available in two types: the Standard Form and the Blanket Form. The Standard Form requires a separate bond for each broker-dealer or investment adviser registered in the state of Massachusetts. The Blanket Form requires a single bond that covers all broker-dealers and investment advisers registered in the state. The bond amount is determined based on the number of registered agents of the broker-dealer or investment adviser, and the total bond amount must be at least $50,000. The Massachusetts Uniform Surety Bond Form for Broker-Dealers and Investment Advisers is designed to protect customers from potential losses resulting from fraud, misappropriation of funds, negligence, or other violations of state securities laws. The bond guarantees that the broker-dealer or investment adviser will comply with all applicable state laws and regulations. In the event of a violation, the bond can be used to cover losses incurred by customers.