California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 12 - Nonissuer Qualifications
Section 260.140.135 - General Standard
Except as otherwise provided in this subarticle, a security will not be qualified for nonissuer transactions pursuant to Section 25130 of the Code unless it appears (i) that full, complete and accurate information is provided upon all matters required to be stated in the application, (ii) that all information contained therein whether required or not, is accurate and not misleading, and (iii) that there is no factor indicating that the market in the security will be subject to manipulation or other artificial influences. The failure of an issuer to make available to the public on a timely basis adequate and accurate information regarding developments materially affecting its affairs or securities normally will be deemed a factor indicating that the market in the security will be subject to artificial influence.
1. New
Subarticle 12 (Secs.
260.140.130 through
260.140.134) filed 5-10-73;
effective thirtieth day thereafter (Register 73, No. 19).
2.
Renumbering of Sections
260.140.130 -
260.140.134 to
260.140.135 -
260.140.139 filed 12-6-74;
effective thirtieth day thereafter (Register 74, No.
49).
Note: Authority cited: Sections 25241 and 25610, Corporations Code. Reference: Div. 1, Title 4, Sections 25140- 25142, 25241 and 25534, Corporations Code.
