Department of Financial Protection and Innovation: unlawful practices.
It became law on Aug 26, 2022.
- Stage
- Became law
- Started in
- Assembly
- Latest action
- Aug 26, 2022
What it does
(1) Existing law establishes the Department of Financial Protection and Innovation in the Business, Consumer Services, and Housing Agency, headed by the Commissioner of Financial Protection and Innovation. Under existing law, the commissioner and the department are charged with oversight and enforcement of various laws, including the Corporate Securities Law of 1968. That law authorizes the commissioner, after examination and investigation, the commissioner has reasonable grounds to believe that a broker-dealer or investment advisor has violated a law or rule, to direct by written order the discontinuance of the violation.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
It is law in California. What happens now is up to the agency that carries it out, the courts, and the place itself.