This Comment examines and attempts to clarify the current state of the California syndicate securities law. The Comment begins with a background of California syndicate securities law and a discussion of how the strictness of the rules make it extremely difficult for a syndicator to comply. The Comment claims that this difficulty in complying leads to a paradox. Syndicators make more non-public offerings of securities that are not as regulated in order to avoid the rules, but this leads to investors receiving less protection. The Comment concludes by arguing for less strict, less complex rules applied in a more flexible manner.
The Regulation of Real Estate Syndicate Securities in California,
San Diego L. Rev.
Available at: https://digital.sandiego.edu/sdlr/vol16/iss2/14