§ 30200 Securities Depository Licensing

• •You can't run a place that holds stocks or other investments unless you have a special license.
• •You can't ask people in the state to use your investment storage place if you don't have that license.
• •This rule applies even if your storage place is in another state.

You start a business where people can store their stocks and bonds safely.

If you don't get a special license from the state, you're breaking the law, even if your business is online or in another state.