Securities, Department of Business Oversight

Department Of Financial Protection & Innovation Warns Investors About Nonexistent Class Action Settlement

Allen Matkins on 4/17/2024

Yesterday, the California Department of Financial Protection & Innovation warned investors that an "entity calling itself “Hartman Cain & Associates,” which represents itself as a law firm based in California, and operates...more

DBO Reports Post-Pandemic Spike In Consumer Complaints, Calls and Inquiries

Allen Matkins on 8/6/2020

The California Department of Business Oversight announced last week that it has experienced a dramatic increase in consumer complaints, calls and inquiries following the onset of the Covid-19 pandemic. According to the...more

A Permit To Negotiate – Really?

Allen Matkins on 7/26/2017

It is sometimes forgotten that the California Corporate Securities Law of 1968 makes it unlawful to either offer or sell a security in California in an issuer transaction unless that the sale has been qualified or exempt from...more

California Reverts To Former Securities Anti-Fraud Statute

Allen Matkins on 8/19/2015

Readers of this blog will recall my chariness of a 2013 amendment to California’s basic securities anti-fraud statute. See California Creates Complete Chaos By Rewriting Anti-Fraud Statute, But “We Are Against Fraud Aren’t...more

Recurrent Rogations Regarding California’s Section 25102(f) Exemption

Allen Matkins on 1/5/2015

Section 25102(f) is perhaps the most commonly used exemption from qualification under the California Corporate Securities Law of 1968. Here are just a few of the questions that the Department of Business Oversight receives...more

DBO Filing Procedures Set To Change Big Time

Allen Matkins on 5/29/2014

When I joined the Department of Corporations, it had no website and filings were made only in hard copy. In the ensuing years, the Department (now known as the Department of Business Oversight) created a website, established...more