Chapter 14.5

Section § 5970

Explanation

This section of the law defines key terms used in the chapter. It clarifies that a "person" refers to financial professionals like brokers and investment advisors. A "regulatory agency" includes both state and national financial and securities regulatory bodies. Lastly, "state or local government" encompasses various government entities and public bodies, from state departments to city boards.

As used in this chapter, the following phrases have the following meanings:
(a)CA Gobiyerno Code § 5970(a) “Person” means any broker, dealer, municipal securities dealer, investment advisor, or investment firm.
(b)CA Gobiyerno Code § 5970(b) “Regulatory agency” means the Department of Financial Protection and Innovation, the securities administrators or other similar regulatory authority in any other state, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Municipal Securities Rulemaking Board, the Commodity Futures Trading Commission, or any other self-regulatory organization.
(c)CA Gobiyerno Code § 5970(c) “State or local government” means the state, any department, agency, board, commission, or authority of the state, or any city, city and county, county, public district, public corporation, authority, agency, board, commission, or other public entity.
broker dealer investment advisor investment firm regulatory agency Department of Financial Protection and Innovation Securities and Exchange Commission Financial Industry Regulatory Authority Municipal Securities Rulemaking Board Commodity Futures Trading Commission self-regulatory organization state government local government public entity municipal securities dealer
(Amended by Stats. 2022, Ch. 452, Sec. 168. (SB 1498) Effective January 1, 2023.)

Section § 5971

Explanation
Kapag ang estado o mga lokal na pamahalaan sa California ay pumipili ng isang tao upang mangasiwa sa mga serbisyo ng underwriting para sa mga securities, maaari nilang suriin ang nakaraang mga aksyon ng taong iyon. Kung ang tao o ang kanilang mga empleyado ay may kasaysayan ng pandaraya o paglabag sa mga batas ng securities, ito ay maaaring makaimpluwensya sa desisyon. Kasama rito ang anumang nakaraang legal na aksyon tulad ng cease and desist orders, injunctions, o iba pang mga utos ng pagpapatupad mula sa mga ahensya ng regulasyon.
mga serbisyo ng underwriting pagpapayo sa pananalapi pagpapalabas ng securities pandaraya batas ng securities ng estado batas ng securities ng pederal cease and desist order preliminary injunction permanent injunction censure ahensya ng regulasyon utos ng pagpapatupad lokal na entidad ng pamahalaan nakaraang pag-uugali mga serbisyo ng pagpapayo
(Added by Stats. 1996, Ch. 309, Sec. 1. Effective January 1, 1997.)