Washington State Law, RCW 19.310.040, requires an exchange facilitator to either maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or hold all client funds in a qualified escrow account or qualified trust. RCW 19.310.040(1)(b) (as amended)
Not only do we have a fidelity bond that insures our clients against losses resulting from dishonest acts such as embezzlement, conversion, fraud, theft, etc., but we also have an errors and omissions insurance policy to protect our clients.
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