
2009 – 2013 Department of Corporations News Releases
California Department of Corporations Issues Desist and Refrain Order Against Illegal Online Payday Lender
The Department has issued an order against “Northway Financial” and “PixyCash.com” for unlicensed, online payday lending. Download this press release (PDF) SACRAMENTO, CA – The California Department of Corporations has issued an enforcement order against...
California Department of Corporations Celebrates Women’s History Month in March
The Department is highlighting the publication “Financial Tips for Women Download this press release (PDF) SACRAMENTO, CA (March 15, 2013) – The California Department of Corporations encourages Californians to observe Women’s History Month in March and, to...
California Department of Corporations Cracks Down On International Investment Scam
The Department is highlighting the publication “Financial Tips for Women Download this press release (PDF) SACRAMENTO, CA (March 14, 2013) – The California Department of Corporations today issued a Desist andRefrain Order against “InterReef LTD,” which...
California Department of Corporations Asks Californians To Observe National Consumer Protection Week
The Department offers resources promoting consumer awareness and financial literacy the week of March 3, 2013 Download this press release (PDF) SACRAMENTO, CA (March 4, 2013) – The California Department of Corporations encourages Californians toobserve...
The California Department of Corporations has obtained a final judgment and permanent injunction in Los Angeles Superior Court against CanAm Capital Corp
California Department of Corporations Obtains $17.86 Million Judgment For Defrauded Investors Download this press release (PDF) Sacramento, January 25, 2013 — The California Department of Corporations has obtained a finaljudgment and permanent injunction...
California Department of Corporations Honored for Work with Disabled Veteran Enterprises and Small Businesses
The Business Operations Section and Laurie Cootz received State Agency Recognition Awards from the Department of General Services Download this press release (PDF) Sacramento, November 16, 2012 — The Department of Corporations received two awards at the...
California Agencies Issue Alert on Mortgage Loan Modification Scams
The Departments of Corporations and Real Estate have issued a joint Consumer Alert regarding mortgage loan modification scams. Download this press release (PDF) SACRAMENTO, CA (October 12, 2012) – The California Department of Corporations and the...
California Department of Corporations Grants Permit to Facebook for Acquisition of Instagram
Download this press release (PDF) SACRAMENTO, CA (August 29, 2012) – The Department of Corporations determined Wednesday thatthe terms and conditions of Facebook Inc.’s acquisition of Instagram Inc. are fair to the Instagramshareholders and the Department...
California Department of Corporations Issues Warning on Internet Payday Lenders
The Department has issued a Consumer Alert regarding unlicensed online payday lendersDownload this press release (PDF)SACRAMENTO, CA (August 15, 2012) – The California Department of Corporations has issued a Consumer Alert advising potential borrowers of...
The Department has posted an Internet Payday Lending Alert for consumers who use payday cash advances from online lenders
Download this internet payday lending alert (PDF) Contact: Lila Mirrashidi(916) 322-5275 Press Releases Consumer Alerts Resources Press Releases 2018 Press Releases 2017 Press Releases 2016 Press Releases 2015 Press Releases 2014 Press Releases...
California Department of Corporations Sanctions Restaurant Franchising Scam
The Department has issued an enforcement action against Pho Citi Franchising Company to include restitution for past franchisees Download this press release (PDF) SACRAMENTO, CA (August 9, 2012) – The California Department of Corporations has issued...
California State Senate Confirms Jan Lynn Owen as Commissioner of Department of Corporations
Jan Lynn Owen officially becomes the 39th Commissioner of the 99-year old Department of Corporations Download this press release (PDF) SACRAMENTO, CA (August 8, 2012) – The California State Senate voted on Monday to confirm theappointment of Jan Lynn Owen...
California Department of Corporations to Observe Annual Elder Abuse Awareness Day on June 15
Download this press release (PDF)SACRAMENTO, CA (June 12, 2012) – The California Department of Corporations encourages Californians to observe the 7 Annual World Elder Abuse Awareness Day (WEAAD) on Friday, June 15, 2012, by participating in events around...
California Department of Corporations Announces Restitution of Millions to Defrauded Investors
The Department has successfully concluded an investment fraud case resulting in restitution to investors of $25 million. Download this press release (PDF) SACRAMENTO, CA (June 1, 2012) – The California Department of Corporations today announced court...
California Department of Corporations Advises Investor Caution With Crowdfunding Opportunities
Download this press release (PDF) SACRAMENTO, CA (May 16, 2012) – The California Department of Corporations has posted an InvestorAlert concerning the trend of “Crowdfunding” as a means of capital formation for small businesses. The Alerttoday warns...
State Agencies Highlight the Importance of Financial Literacy During the Month of April
The Department of Corporations observes the 12th annual National Financial Literacy Month Download this press release (PDF) SACRAMENTO, CA – The Department of Corporations (DOC), Department of Financial Institutions (DFI) and the Department of Real Estate...
California Department of Corporations Warns Consumers of Top Investor Traps
In recognition of National Consumer Protection Week, these investor tips are provided Download this press release (PDF) SACRAMENTO, CA (March 9, 2012) – In recognition of National Consumer Protection Week, the CaliforniaDepartment of Corporations warns...
California Department of Corporations Participates in National Consumer Protection Week, March 4-10
State agencies to provide resources and events promoting consumer awareness and financial literacyDownload this press release (PDF)SACRAMENTO, CA (March 2, 2012) – The California Department of Corporations encourages Californians toreview their personal...
California Announces Settlement with E*Trade Securities to Recover Millions for Investors in Auction Rate Securities
Download this press release (PDF)SACRAMENTO, CA (January 13, 2012) – The California Department of Corporations today announced asettlement agreement with E*Trade Securities LLC to facilitate the return of up to $20 million dollars toinvestors in...
Insurance Commissioner Dave Jones Announces Sentencing of Insurance Agent in Ponzi Scheme
Insurance Commissioner Dave Jones Announces Sentencing of Insurance Agent in Ponzi Scheme Contact: Lila Mirrashidi(916) 322-5275 Press Releases Consumer Alerts Resources Press Releases 2018 Press Releases 2017 Press Releases 2016 Press Releases 2015...
State Agencies Highlight the Importance of Financial Literacy During the Month of April
SACRAMENTO, CA – The Department of Corporations (DOC), Department of Financial Institutions (DFI) and the Department of Real Estate (DRE) will partner with other state, federal and local government agencies and financial literacy organizations during the...
State Obtains Court Order to Halt Multi-Million Dollar Investment Fraud
Download this press release (PDF) Sacramento, January 24, 2011 — The California Department of Corporations has obtained a Temporary Restraining Order granting the Department’s request for an injunction, an asset freeze and appointment of a receiver against...
State Obtains Court Order to Halt Multi-Million Dollar Investment Fraud
STATE OBTAINS COURT ORDER TO HALT MULTI-MILLION DOLLAR INVESTMENT FRAUDDownload this press release (PDF)Sacramento, October 8, 2009 — The California Department of Corporations has obtained a Preliminary Injunctiongranting the Department’s request for an...
California Announces Settlement with Banc of America to Recover Billions for Investors in Auction Rate Securities
Download this press release (PDF)SACRAMENTO, CA (June 8, 2009) – The California Department of Corporations today announced asettlement agreement with Banc of America Securities LLC and Banc of America Investment Services,Inc., the investment banking and...
California Announces Settlement with Brokerages to Recover Billions for Investors in Auction Rate Securities
Corporations Commissioner DuFauchard Reaches Settlement with Wachovia and Citigroup to Repurchase Risky Securities SACRAMENTO, CA (March 30, 2009) – California Corporations Commissioner Preston DuFauchardtoday announced a settlement agreement with Wachovia...
Joint Media Release from California Department of Real Estate (DRE) and Department of Corporations (DOC)
State Officials Issue Desist and Refrain Orders Against Loan Modification Firm Operating Unlawfully Download this press release (PDF) SACRAMENTO – After a joint investigation, the California Departments of Corporations (DOC) and Real Estate (DRE) issued...
State Data Shows Progress in Preventing Foreclosues
Governor’s Subprime Mortgage Agreement Succeeds in Preserving More Than 100,000 Homes Download this press release (PDF) Sacramento, CA, March 9, 2009 – As highlighted in Governor Arnold Schwarzenegger’s weekly radio address, the Department of Corporations...
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