§ 853 Broker Security Disclosure Requirements

Every broker shall, at such times as the commissioner requires, make and file in the office of the commissioner a true and correct statement concerning any security sold or offered for sale by the broker. The statement shall show: (a) The name and location of the principal office of the issuer of such security. (b) The names of the issuer’s managing officers if it is a corporation, or of its members if it is a partnership. (c) The issuer’s assets, liabilities, and issued capital stock, at the close of its fiscal year then last ended, or at a later date. (d) The issuer’s gross income, expenses, and fixed charges for the year next preceding such date, or for such time as such issuer of such security has transacted business, if for less than one year. (e) The approximate price at which the broker has sold or proposes to sell such security. (f) Such other information, of which the broker has knowledge, as the commissioner requires. (Enacted by Stats. 1935, Ch. 145.)