California · Corporations Code

CORP §25243: It is unlawful for any person holding a certificate as a broker-dealer or investment adviser under this part to represent or imply in any manner whatsoever that such person has been sponsored, recomme

Civil

What this law says, in plain English

Broker-dealers and investment advisers cannot claim the commissioner sponsored, recommended, or approved them or their qualifications. They may truthfully state they hold a certificate if the licensing effect is not misrepresented.

Read the full statutory text

It is unlawful for any person holding a certificate as a broker-dealer or investment adviser under this part to represent or imply in any manner whatsoever that such person has been sponsored, recommended, or approved or that the person’s abilities or qualifications have in any respect been passed upon by the commissioner. Nothing in this section prohibits a statement (other than in a paid advertisement) that a person holds a certificate under this law, if such statement is true in fact and if the effect of such licensing is not misrepresented.

Verify at the official source: California legislative text

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