March 14, 2016 – Los Angeles’ Proposition D precludes the usage of an application to arrange for the delivery of medical marijuana by vehicle, and bans except in very limited circumstances the vehicle delivery of marijuana to patients

California Finance Lender (CFL) Can Sell Loans to Non-Institutional Investors

In Montgomery v. GCFS, Inc., (June 12, 2015), the Court of Appeal of the State of California, First Appellate District, Division 5, upheld the trial court’s sustaining demurrers from a borrower who tried to evade repayment of a loan because the CFL licensee …

May 27, 2015 – SEC Approves Amendments to Arbitration Codes to Revise the Definitions of Non-Public and Public Arbitrator (Regulatory Notice 15-18)

ffective June 26, 2015, the SEC approved amendments to the definitions of non-public arbitrator and public arbitrator in the Customer and Industry Codes of Arbitration Procedure. The amended definitions provide, among …

May 13, 2015 – The National Adjudicatory Council (NAC) Revises the Sanction Guidelines Related to Misrepresentations and Suitability effective immediately

The NAC has revised the Sanction Guidelines related to misrepresentations and suitability. Specifically, the revisions:

modify the guidelines related to fraud to advise adjudicators to strongly consider barring an individual respondent for intentional …

April 28, 2015 – The Sixth Appellate District of California found that plaintiff Cypress Semiconductor was liable for the attorney’s fees of defendant Maxim Integrated Products, Inc. under the Uniform Trade Secrets Act (California Civil Code Section 3426 et seq.) because its claim that Maxim’s hiring of its former employees constituted a …