Can the board increase the bond for a dealer?

The board has the authority to increase the bond for a dealer at their discretion. This means that if they assess that circumstances have changed or that a dealer poses a greater risk, they can decide to raise the bond amount. This flexibility is important as it allows the board to respond to various factors that may affect the integrity of dealers and the protection of consumers. The ability to adjust the bond is a mechanism to ensure that adequate financial security is maintained in the industry and that consumers are protected from potential losses due to dealer misconduct or failure to comply with regulations.

The other options imply a permanence or rigidity to the bond amount that does not align with the board's regulatory role and responsibilities. The bond is not fixed in a way that cannot be modified, reflecting the dynamic nature of the industry and the board's mandate to oversee dealer practices effectively.