Division of Corporations

The Division of Corporations (DOC) licenses and regulates securities brokers and dealers, investment advisers and financial planners, consumer and commercial lenders including mortgage lenders, deferred deposit or payday lenders, escrow companies, and certain other fiduciaries. The DOC also regulates the offer and sales of securities, franchises and off-exchange commodities.

The Financial Services Division licenses and regulates payday lenders, mortgage and other non-bank lenders, mortgage servicers, escrow agents and companies, and other financial service providers.

The Broker-Dealer and Investment Adviser Division (BDIA) is responsible for the licensing and regulation of broker-dealers, broker-dealer agents, investment advisers, and investment adviser representatives pursuant to the Corporate Securities Law of 1968. BDIA also licenses capital access companies under the Capital Access Company Law.

The DOC supervises licensees pursuant to the California Financial Code and California Corporations Code and administrative regulations.

The Enforcement Division enforces the laws and regulations administered by the DOC.

Licensees and Industries Regulated by the Division