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CALIFORNIA CORPORATE & SECURITIES LAW

Can The Legislature Hire Its Own Lawyer?

In early January, California Senate President pro Tempore Kevin de León and Assembly Speaker Anthony Rendon jointly announced that the California Legislature had hired outside legal counsel to advise on potential legal challenges with the incoming administration of Donald Trump.  I found this interesting as I could not recall a prior circumstance in which the legislature had ever…

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The California Constitution, The FACA And The SEC’s New Investor Advisory Committee

Last month the Securities and Exchange Commission announced the formation of a new Investor Advisory Committee.  Section 911 of the Dodd-Frank Act created the committee to advise the SEC on: regulatory priorities, regulation of securities products, trading strategies, fee structures, the effectiveness of disclosure, and on initiatives to protect investor interests and to promote investor confidence…

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Just What Is The State Auditor And What Does She Do Anyway?

In yesterday’s post, I mentioned that the  Milton Marks “Little Hoover” Commission on California State Government Organization and the Economy oversees the Bureau of State Audits.  See Government Code Sections 8542 and 8543. The Bureau of State Audits traces its roots back to 1955 when the legislature created the Joint Legislative Audit Committee and the Office…

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