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CALIFORNIA CORPORATE & SECURITIES LAW

California Finders Exemption Regulations Are Now Effective

The Commissioner of Business Oversight’s final regulations implementing a new exemption for finders from the broker-dealer provisions of the Corporate Securities Law took effect on June 21, 2017.  See 10 CCR §§ 260.211.4, 260.211.5, 260.211.6 and 260.211.7.  The Commissioner adopted these new regulations in response to the enactment of AB 667 (Wagner) in 2015.  AB 667 added…

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The DBO Wants Your Social Security Number, But Is It Legal?

Readers will recall that last year the California legislature created a statutory exemption for finders from the California’s registration requirement for broker-dealers (Chap. 743, Stats. 2015).  That exemption, codified at Corporations Code Section 25206.1, requires persons relying on the exemption to file a statement of information with the Department before engaging in activities described in the…

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