Which statement about the bonding requirement for broker-dealers and agents under the USA is TRUE?

1. ABonding is always required for all broker-dealers and agents.
2. BBonding is required if the broker-dealer or agent has custody or discretionary authority unless they meet minimum net capital/net worth requirements.✓ Correct answer
3. CBonding is only required for agents and not broker-dealers.
4. DBonding is never required if the firm is registered with the SEC.

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