Securities (Corporate Securities Law of 1968)

The Corporate Securities Law of 1968 regulates all offers and sales of securities in California. All securities offered or sold must be either qualified with the Commissioner of Corporations or exempted from registration by a specific Rule of the Commissioner or specific law.

For more information, visit About Corporate Securities Law of 1968.

How to reach us:

Sacramento:
Department of Financial Protection and Innovation

2101 Arena Boulevard
Sacramento, CA 95834

San Francisco:
Department of Financial Protection and Innovation

One Sansome Street, Suite 600
San Francisco, CA 94104-4428

Los Angeles:
Department of Financial Protection and Innovation

320 West 4th Street, Suite 750
Los Angeles, CA 90013-2344

Phone: (866)-275-2677
Email: Ask.DFPI@dfpi.ca.gov
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Securities – Frequently Asked Questions and Answers

Questions and answers about Section 25102(f) Notice Filing, Form D Filings, Section 25102(o) Notice Filing, Section 25113(e) Regulatory Examination of Securities, Investment Company Notice Filings and Miscellaneous.

For the Consumer

For Business

Fairness Hearings

California Corporations Code section 25142 allows companies interested in issuing securities in a merger or conducting an exchange of outstanding securities to seek a “fairness” hearing as part of its application for qualification of the offer and sale of securities. By this process, applicants may seek an exemption from federal registration as provided by Section 3(a)(10) of the Securities Act of 1933 through a state-law hearing on the fairness of the terms and conditions of the proposed issuance or exchange of securities.

Check information about Fairness Hearings.

Check list of Fairness hearings.

Securities Forms

Department of Financial Protection and Innovation is pleased to provide links to the following forms listed below. To find which is the proper office to file your application and or notice, please refer to Commissioner’s Release 13-G (Revised) (PDF)

The table below contains a list Securities Forms
Form Number Form Title Format
25102.1(a) Form 1-A Regulation A Offering Statement Under the Securities Act of 1933 PDF
25102.1(d) Notice of Exempt Offering of Securities – Form D PDF
DFPI-25100.1(b) Notice of Issuance of Securities by An Investment Company Pursuant to Corporations Code Section 25100.1(b) PDF
DFPI-25102 N

Transaction Pursuant to Corporations Code Section 25102(n) Packet including Instructions and Forms

Limited Offering Exemption Notice Packet Corporations Code Section 25102(n) – Instructions Only

PDF
DFPI – 25102(r) California Crowdfunding Exemption Notice PDF
DFPI-260.100.1 Request for Designation as an Exempt Organization Pursuant to Subdivision (k) of Section 25100 Corporate Securities Law of 1968 PDF
DFPI-260.100.3 Request For Order of Exemption Pursuant to Subdivision (L) of Section 25100 of the Corporate Securities Law of 1968 PDF
DFPI-260.102.8(a) Notice of Issuance of Securities Pursuant to Corporations Code Section 25102(h) PDF
DFPI-260.102.8(b) Consent to Service of Process PDF
DFPI-260.103.6(b) Notice of Exchange Transaction Pursuant to Corporations Code Section 25103(h) PDF
DFPI-260.105.33/34 Notice for Senior to Listed Securities PDF
DFPI-260.110 Facing Page for Application for Qualification of the Offer & Sale of Securities under the Corporate Securities Law of 1968 PDF
DFPI-260.111 Instructions for Qualification by Coordination PDF
DFPI-260.112 Instructions for Application by Notification PDF
DFPI-260.113 Instructions for Application by Permit PDF
DFPI-260.121 Instructions for Application for Qualification and Recapitalization PDF
DFPI-260.141.50 Application for Removal of Condition PDF
DFPI-260.146 Semi-Annual Report Pursuant to Section 25146 of the Corporate Securities 1968 PDF
DFPI-260.151(a) Application for Consent to Transfer Securities (include 260.151(b)) PDF
DFPI-260.151(b) Statement of Transferee (include 260.151(a)) PDF
DFPI-260.165 Consent to Service of Process 260.165 PDF
DFPI-260.507 Application for Repurchase Offer Approval PDF
DFPI-260.102.14(c)

Notice of Transaction Pursuant to Corporations Code Section 25102(f) (Instruction included)

PDF
DFPI-260.102.19 Notice of Issuance of Securities pursuant to subdivision (o) of Section 25102 of the Corporations Code PDF
DFPI-260.131 Facing Page For Qualification Of Nonissuer Transaction By Notification PDF
DFPI-260.140.80.5 Contractual Periodic Payment Plan Standards Guidelines PDF
DFPI-260.141.13 Notice of Release of Securities From Escrow Save & Exit PDF
DFPI-ADM 500.295 Instructions for Section 260.141.11 Restriction on Transfer PDF
DFPI-QR-500.259 Customer Authorization of Disclosure of Financial Records and Instructions PDF
DFPI-SB-978 Real Estate Related Information Required Pursuant to Corporations Code Section 25102.2 PDF
DFPI-SCOR-260.113 Small Corporate Offering Registration Form PDF
DFPI-SRD 500.526 A Consumer’s Guide to Small Business Investments PDF
DFPI-SRD QR 518 Look Before You Leap – Guide to Buying a Franchise PDF

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Last updated: May 11, 2023 @ 11:28 am