California Corporations Code CHAPTER 3 - Licensing and Notice Filing Requirements of Investment Adviser Representatives and Investment Advisers

• Section 25230.
  (a) It is unlawful for any investment adviser to conduct business as an investment adviser in this state unless the investment adviser has first applied for...
• Section 25230.1.
  (a) A person that is registered under Section 203 of the Investment Advisers Act of 1940 as an investment adviser is not subject to the requirement...
• Section 25231.
  (a) Any investment adviser, or any person who contemplates becoming an investment adviser, may apply for a certificate to act as an investment adviser by filing...
• Section 25232.
  The commissioner may, after appropriate notice and opportunity for hearing, by order censure, deny a certificate to, or suspend for a period not exceeding 12...
• Section 25232.1.
  The commissioner may, after appropriate notice and opportunity for hearing, by order censure, or suspend for a period not exceeding 12 months, or bar from...
• Section 25232.2.
  (a) It is unlawful for any person, as to whom an order suspending or revoking the person’s certificate as an investment adviser is in effect pursuant...
• Section 25232.3.
  The commissioner may immediately revoke the certificate of any investment adviser if the investment adviser fails to comply with any currently effective order of the...
• Section 25233.
  No order may be entered under Section 25232, 25232.1, or 25252 except after notice to the person affected thereby of the intention of the commissioner...
• Section 25234.
  (a) No investment adviser licensed under this chapter shall in this state enter into, extend or renew any investment advisory contract, or in any way perform...
• Section 25235.
  It is unlawful for any investment adviser, directly or indirectly, in this state:(a) To employ any device, scheme, or artifice to defraud any client or prospective...
• Section 25236.
  (a) No investment adviser licensed under this chapter shall conduct any business as such investment adviser in this state unless the investment adviser and all natural...
• Section 25237.
  The commissioner shall prescribe rules with respect to investment advisers licensed under this chapter who have custody of their clients’ securities or funds or who...
• Section 25238.
  No investment adviser licensed under this chapter and no natural person associated with the investment adviser shall engage in investment advisory activities, or attempt to...

Last modified: October 22, 2018