Loading chat...
CA AB2637
Bill
Status
2/20/2020
Primary Sponsor
Monique Limon
Click for details
AI Summary
-
Changes the filing deadline for finder renewal statements from "within 30 days of the anniversary" to "on or before December 31 following the anniversary" of the initial statement filing.
-
Authorizes the Commissioner of Business Oversight to require additional information in the annual renewal statement by rule or order.
-
Maintains existing finder exemption requirements under the Corporate Securities Law of 1968, including the $300 initial filing fee and $275 annual renewal fee.
-
Applies to finders who introduce accredited investors to issuers for securities transactions not exceeding $15,000,000 in aggregate purchase price and who meet specified conditions regarding compensation and disclosure.
Legislative Description
Broker-dealers: exemptions: finders: filings.
Last Action
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (May 19). Re-referred to Com. on APPR.
5/20/2020