Donald Wagner
- Republican
Author
Under existing law, the Corporate Securities Law of 1968, the Commissioner of Business Oversight regulates the activities of a broker-dealer which is defined as, among other things, any person engaged in the business of effecting securities transactions in California for the account of others or his or her own account, and it specifies those persons or entities excluded from the definition. Existing law requires, among other things, that a broker-dealer apply for and secure a certificate authorizing that person to act in that capacity, unless the person is exempted from this requirement, as prescribed. Existing law prohibits a person acting on behalf of a licensed broker-dealer or an issuer, from effecting any transaction in, or inducing or attempting to induce the purchase or sale of, any security in this state unless the broker-dealer and agent have complied with certain rules. This bill would exempt from those provisions an individual who is a finder, as defined, who satisfies specified requirements, including, among other things, filing an initial statement of information with the Commissioner of Business Oversight and paying a filing fee.
Chaptered by Secretary of State - Chapter 743, Statutes of 2015.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Assembly Rule 77 suspended. (Ayes 52. Noes 28. Page 2990.)
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 3016.).
Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2570.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 10 pursuant to Assembly Rule 77.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0.) (August 27).
Read second time and amended. Re-referred to Com. on APPR.
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (July 1).
Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1815.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read second time. Ordered to third reading.
Received May 29 pursuant to Joint Rule 61(a)(5).
From committee: Do pass. (Ayes 17. Noes 0.) (May 28).
In committee: Set, second hearing. Referred to APPR. suspense file.
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 1.) (April 20). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
From printer. May be heard in committee March 27.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB667 | HTML |
| 02/24/15 - Introduced | |
| 04/06/15 - Amended Assembly | |
| 07/08/15 - Amended Senate | |
| 09/11/15 - Enrolled | |
| 10/10/15 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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