Cal. Code Regs. tit. 10 § 260.105.7
There is hereby exempted from the provisions of Section 25130 of the Code as not being comprehended within the purposes of the Corporate Securities Law of 1968 and the qualification of which is not necessary or appropriate in the public interest or for the protection of investors, inter-dealer solicitations when published and circulated to broker-dealers on a regular subscription basis and in connection with which a charge (which may be included in the subscription price) is made for listing such solicitations. A publication is circulated to broker-dealers within the meaning of this rule when subscriptions are limited substantially to broker-dealers, banks, trust companies, and savings and loan associations subject to a provision that the information contained in the publication is for the private use of the subscriber. The quotation services of the Pink Sheets LLC, the OTC Bulletin Board, and The NASDAQ Stock Market LLC are exempt pursuant to this rule.
Cal. Code Regs. Tit. 10, § 260.105.7
2. Amendment filed 7-20-72; effective thirtieth day thereafter (Register 72, No. 30).
3. Editorial correction adding NOTE filed 3-9-83 (Register 83, No. 11).
4. Amendment filed 11-10-2009; operative 12-10-2009 (Register 2009, No. 46).
Note: Authority cited: Sections 25105 and 25610, Corporations Code. Reference: Sections 25105 and 25130, Corporations Code.
2. Amendment filed 7-20-72; effective thirtieth day thereafter (Register 72, No. 30).
3. Editorial correction adding NOTE filed 3-9-83 (Register 83, No. 11).
4. Amendment filed 11-10-2009; operative 12-10-2009 (Register 2009, No. 46).