California § 25241. 25241. (Amended by Stats. 2003, Ch. 473, Sec. 5.)

California Statutes

§ 25241. — 25241. (Amended by Stats. 2003, Ch. 473, Sec. 5.)

California § 25241.

Code CORPCorporations Code - CORP

Div.1.

Title 4.DIVISION 1. CORPORATE SECURITIES LAW OF 1968

Part 3.PART 3. REGULATION AND NOTICE FILING REQUIREMENTS OF AGENTS, BROKER-DEALERS, INVESTMENT ADVISER REPRESENTATIVES, AND INVESTMENT ADVISERS

Ch. 4.CHAPTER 4. General Provisions

This text of California § 25241. (25241. (Amended by Stats. 2003, Ch. 473, Sec. 5.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Corporations Code - CORP Code § 25241. (2026).

Text

(a)Every broker-dealer and every investment adviser licensed under Section 25230 shall make and keep accounts, correspondence, memorandums, papers, books, and other records and shall file financial and other reports as the commissioner by rule requires, subject to the limitations of Section 15(h) of the Securities Exchange Act of 1934 with respect to broker-dealers and Section 222 of the Investment Advisers Act of 1940 with respect to investment advisers.

(b)All records so required shall be preserved for the time specified in the rule.

(c)All records referred to in this section are subject at any time and from time to time to reasonable periodic, special, or other examinations by the commissioner, within or without this state, as the commissioner deems necessary or appropriate in the pu

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(a)
Every broker-dealer and every investment adviser licensed under Section 25230 shall make and keep accounts, correspondence, memorandums, papers, books, and other records and shall file financial and other reports as the commissioner by rule requires, subject to the limitations of Section 15(h) of the Securities Exchange Act of 1934 with respect to broker-dealers and Section 222 of the Investment Advisers Act of 1940 with respect to investment advisers.
(b)
All records so required shall be preserved for the time specified in the rule.
(c)
All records referred to in this section are subject at any time and from time to time to reasonable periodic, special, or other examinations by the commissioner, within or without this state, as the commissioner deems necessary or appropriate in the public interest or for the protection of investors.
(d)
For the purpose of avoiding unnecessary duplications of examinations, the commissioner, insofar as he or she deems it practicable in administering this section, may cooperate with the securities administrators of other states, the Securities and Exchange Commission and any national securities exchange or national securities association.
(e)
Unless otherwise provided by rule, every investment adviser subject to Section 25230 and every broker-dealer, including an applicant for a license under Section 25210 or 25230, shall furnish an authorization for disclosure to the commissioner of financial records of the licensee’s broker-dealer or investment adviser business pursuant to Section 7473 of the Government Code.

Legislative History

Amended by Stats. 2003, Ch. 473, Sec. 5. Effective January 1, 2004.

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Bluebook (online)

California § 25241., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/25241..