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CALIFORNIA CORPORATE & SECURITIES LAW

Of Touting, Tweets and Advertising

Last month, the Securities and Exchange Commission issued this public statement warning about touting of securities by celebrities: Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments.  These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly…

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CalPERS Discusses Adoption Of “Investment Beliefs”

The last agenda item for Monday’s meeting of the Investment Committee of the Public Employees’ Retirement System was an ongoing “Discussion of Investment Beliefs”.   No, this wasn’t a theological discussion.  For the last two years, the CalPERS investment office has been involved in discussions about developing a set of “investment beliefs”.   Last fall, CalPERS even retained…

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