February 20, 2019

February 20, 2019

Subscribe to Latest Legal News and Analysis

February 19, 2019

Subscribe to Latest Legal News and Analysis

February 18, 2019

Subscribe to Latest Legal News and Analysis

DBO Issues BDIA Report

The 2014 Budget Act requires the Department of Business Oversight to provide a report on its broker-dealer/investment adviser program to the the Legislature and the Department of Finance by January 10 of each year.  While not exactly scintillating reading, the report provides a wealth of information about the DBO's licensing and examination of broker-dealers and investment advisers.  The DBO's workload is summarized by the following table:

Screen Shot 2019-01-17 at 8.17.25 PM

For those concerned with enforcement, 10 of the 470 completed examinations of broker-dealers resulted in referrals to enforcement.  

© 2010-2019 Allen Matkins Leck Gamble Mallory & Natsis LLP

TRENDING LEGAL ANALYSIS


About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm
Partner

Keith Paul Bishop is a partner in Allen Matkins' Corporate and Securities practice group, and works out of the Orange County office. He represents clients in a wide range of corporate transactions, including public and private securities offerings of debt and equity, mergers and acquisitions, proxy contests and tender offers, corporate governance matters and federal and state securities laws (including the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Act), investment adviser, financial services regulation, and California administrative law. He regularly advises clients...

949-851-5428