Commissioner’s Releases, Selected Opinions, Bulletins and Notices

Commissioner’s Releases

• 123-C: Changes to FINRA Examination (PDF)
  01-14-19
• 122-C: Notice Filing Requirements for Regulation A – Tier 2 Offerings (PDF)
  09-15-15
• 121-C: New Filing Requirements for Certain Securities Issuers Exempt from the Corporate Securities Law of 1968 (PDF)
  • Addiitional Requirements Announcement (PDF)
  • Form (PDF)
• 120-C (Revised): New Filing Requirements for Regulation D Offerings (PDF)
  05-18-18
• 119-C: Broker-Dealer Licensure Requirements for Officers and Directors of Issuers (PDF)
  11-28-11
• 118-C: Requests for Variances From Compensatory Benefit Plan Regulations Under the Corporate Securities Law of 1968 (PDF)
  11-14-06
• 117-C: “Fairness” Hearings and Shell Companies(PDF) 
  01-07-06
• 116-C: Electronic Filing of Limited Offering Exemption Notice under Corporations Code section 25102(f) (PDF)
  07-01-05
• 115-C (revised): Establishment of Certain Notice Filing Fees under the Corporate Securities Law of 1968 (PDF)
  05-28-04
• 114-C: Transition to the Investment Advisers Registration Depository for SEC-Registered Investment Advisers and Investment Adviser Representatives – Notice Filing Requirements, Instructions & Fees
  11-03-00
  • Investment Adviser Representative of SEC-Registered Investment Adviser Filing Requirements, Instructions & Fees
  • SEC-Registered Investment Adviser Notice Filing Requirements, Instructions & Fees
• 113-C: Suspension of Notice Filing Fees For Federally Registered Investment Advisers
  12-07-98
• 112-C (Revised): Resumption of Certain Notice Filing Fees Under the Corporations Securities Law of 1968
  06-08-00
• 111-C: Participation in NASAA’s Coordinated Equity Review Program
  04-16-98
• 110-C: Withdrawal From Publication of Policy Letter No. 151 Under the Corporate Securities Law of 1968 
  04-09-98
• 109-C (Revised): Notice Filings Under The National Securities Markets Improvement Act of 1996 – Conforming Amendments to the Corporate Securities Law of 1968 (PDF)
  02-05-07
• 108-C (Revised): Interim Additions to the Eligible Securities List (PDF)
  04-12-00
• 107-C: Use of the Internet by Broker-Dealers and Investment Advisers for the Dissemination of Information on Products and Services
  08-19-97
• 106-C: Acceptance of Form NF to Satisfy California’s Notice Filing Requirement for Offerings of Investment Company Securities
  07-11-97
• 104-C: Notice Filing and Fee Payment Requirements For Investment Companies
  12-18-96
• 103-C: Notice Filing and Fee Payment Requirements For Securities Offerings Under SEC Rule 506 (PDF)
  12-12-96
• 102-C (Revised):”Fairness” Hearings Under the Corporate Securities Law of 1968 After the Enactment of the National Securities Markets Improvement Act of 1996
  12-01-98
• 101-C: Interim Qualification Procedure For Investment Companies
  11-18-96
• 100-C: Offers of Securities Made on the Internet
  11-05-96
• 99-C: Transactions Involving the Offer or Sale of Securities Pursuant to the New Exemption for Compensatory Stock Option and Purchase Plans; Revision of the Small Corporate Offering Exemption; Other Changes to the Corporate Securities Law of 1968 (PDF)
• 94-C: “Qualified Purchaser” Limited Public Offering Exemption Under Corporations Code Section 25102(n) (PDF)
  09-27-94
• 93-C: The Small Corporate Offering Registration (SCOR) Application Process and Offerings of Securities Under SEC Regulation A (PDF) 
  10-13-93
• 92-C: Securities of Foreign Issuers (PDF)
  07-27-93
• 91-C: Agents Operating Under a “Local Area Name” or as an “Independent Contractor” (PDF)
  01-07-94
• 90-C: Procedural Accommodations Under the Multijurisdictional Disclosure System (PDF)
  07-25-91
• 88-C: Exemption from Non-Issuer Qualification Requirements for Securities of NASDAQ/NMS Issues (PDF)
  08-17-09
• 87-C: Exemption from Qualification Requirements for National Market System Securities on the Interdealer Quotation System of the National Association of Securities Dealers, Inc. (PDF)
  08-17-09
• 80-C: (Revised): Applicability of the Corporate Securities Law of 1968 to Persons Engaged in Business as “Financial Planners” (PDF)
  05-25-93
• 67-C: Limited Offering Exemption – Corporations Code Section 25102(f) (PDF)
  10-20-81
• 61-C: (Revised): Interpretive Opinions (PDF)
  07-16-07
• 15-C: (Revised): Memberships (PDF)
  10-07-70
• 11-C: See Commissioner’s Release 92-C (PDF)
  07-27-93
• 10-C: Broker-Dealers, Investment Advisers and Issuers: Deposit of Cash or Securities in Lieu of Bond(PDF) 
  03-14-69
• 8-C: Suitability of Securities(PDF) 
  02-27-69
• 7-C: Notice of Issuance of Securities Pursuant to Close Corporation Exemption – Proof of Mailing by Statement under Penalty of Perjury(PDF)
  02-11-69
• 6-C: Franchises (PDF)
  03-28-73
• 5-C: Guidelines For Determining When Securities Are Being “Offered To The Public” (PDF)
  01-31-69
• 4-C: see 61-C: (Revised): Interpretive Opinions (PDF)
  03-22-05
• 3-C: Sale of Debt Securities By Churches(PDF) 
  01-31-75
• 2-C: Mutual Water Companies (PDF)
  05-17-83
• 1-C: Transition of the Corporate Securities Law of 1968 (PDF)
  01-02-69

Commissioner’s Opinions

• 11/1C – Ambac Assurance (PDF) 
  06-08-11
• 10/1C – Anvik Advisers LLC (PDF)
  10-18-10
• 06/1C – Employer-Contribution VEBA Trust and Employee After Tax Contribution VEBA Trust For Pepperdine University (PDF)
  06-02-06
• 01/1C – David Evans and Associates, Inc. (“DEA”) 
  12-06-01
• 99/2C – Mercury Asset Management Advisors (PDF)
  11-22-99
• 99/1C – Stephen W. Boney (PDF)
  11-22-99
• 98/1C – Westmont Venture Forum (PDF)
  12-15-98
• 96/2C – IPONET/W. J. Gallegher & Company, Inc. (PDF)
  10-17-96

Commissioner’s Bulletins

• None at this time