NOTICE OF PROPOSED REGULATIONS:Broker-Dealer Finder ExemptionThe DBO has filed a Notice of Rulemaking Action with the Office of Administrative Law. The proposed regulations would adopt the requirements for individuals to file for the new exemption for finders from the... Read MoreRead more about Broker-Dealer Finder Exemption Regulations (Assembly Bill 667, Chapt. 743, Stats. 2015) – 2016
Fraudulent Company ‘Michael Investment LLC’ Not Licensed by DBO The Department of Business Oversight (DBO) has been notified an entity calling itself “Michael Investment LLC,” with a possible principal “Michael Anthony,” is offering loans to consumers, claiming it... Read MoreRead more about Fraudulent Company ‘Michael Investment LLC’ Not Licensed by DBO
The Department of Business Oversight (DBO) has been notified that a company using the names “American Premier Escrow LLC” or “American Escrow,” and the website www.americanpremierescrow.com, is claiming to be licensed by DBO, and is using the address of DBO licensee... Read MoreRead more about “American Premier Escrow LLC” purporting to be DBO Licensee American Premier Escrow Inc.
Unlicensed online securities broker-dealer services and sales of CDs The Department of Business Oversight (DBO) has been notified two related companies have been offering unlicensed online securities broker-dealer services and unregistered sales of certificates of... Read MoreRead more about Unlicensed online securities broker-dealer services and sales of CDs
Monthly Bulletin California Department of Business Oversight Volume 3, Number 10 – May 2016 Senate Rules Committee Confirms Both Senior Deputy Commissioners for DBO The State Senate Rules Committee has voted to recommend confirmation of both DBO senior deputy... Read MoreRead more about Monthly Bulletin Volume 03 Issue 10