The legislature has passed and sent AB 1743 (Hernandez) to Governor Schwarzenegger for signature. If signed into law, this bill will require placement agents with respect to public retirement systems to register as lobbyists. This would have many...
Recent Posts
Yesterday was the end of the current legislative biennium. Under the California Constitution and legislative rules, this means that any bill not passed before today is now dead. Cal. Cons. Art. IV, § 10(c), Legislative Joint Rule No. 61(b)(17)).
Last week, the California Attorney General filed this 89 count criminal complaint against three individuals. The complaint alleges that these individuals offered and sold securities without qualification under the Corporate Securities Law of 1968....
Last week, the Securities and Exchange Commission adopted its final changes to the federal proxy rules. These new rules will require public companies, under specified circumstances, to include in their proxy materials information about, and the...
The nice thing about being a corporate and securities lawyer is that I'm never at a loss for new reading material. Just as I was beginning to despair about what to read after the Dodd-Frank Act, the Securities and Exchange Commission issued its...
Yesterday, the California Public Employees Retirement System (CalPERS) issued another corrected notice regarding its proposed placement agent disclosure regulations. The notice had incorrectly stated that the CalPERS Investment Committee would...
With the current legislative biennium ending next week, here are some key dates to keep in mind:
Yesterday's post concerned additional exemptions for real estate brokers under the California Corporate Securities Law. Today's post is the final in this series (for now).
Last week, I discussed the real estate broker exemption from broker-dealer licensing requirements in California Corporations Code § 25206. Commissioner's Release 62-C provides additional clarifying comments regarding this exemption.
