§ 30207 Prohibited Securities Solicitation Practices

Financial Code·California

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Key Takeaways

•Don't lie or trick people when asking for their money or investments.
•Don't say you're approved or recommended by the government if you're not.
•The government can tell you to stop if you're breaking these rules.

Example

A person says their investment company is the best because the government says so.

If the government didn't actually say that, the person is breaking the law by lying to get people to invest.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 30207 Prohibited Securities Solicitation Practices

No licensee, or any other person, shall solicit deposits of securities or otherwise conduct the business of a licensee, by means of any statement or representation which is false, misleading, or deceptive, or which omits to state material information, or which infers that such licensee has been sponsored, recommended or approved or that his abilities or qualifications have in any respect been passed upon by the commisioner. The commissioner may order a licensee or other person to desist from any conduct which he shall find to be a violation of this section. (Added by Stats. 1972, Ch. 1057.)

Last verified: January 23, 2026

Key Terms

commission claim port securities license statement representation information

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 30207.

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Key Takeaways

Example

Key Terms

Related Statutes

References