What does the Securities Regulation Division of the DOC govern?

The Securities Regulation Division of the Department of Corporations (DOC) in California is specifically focused on the regulation of securities. This division is tasked with enforcing laws that govern the issuance and trading of stocks, bonds, and other investment instruments to ensure compliance with state regulations. Its primary goal is to protect investors and maintain fair, orderly, and efficient markets.

By overseeing the securities industry, the Securities Regulation Division ensures that firms and individuals engaged in the buying and selling of securities adhere to proper disclosure requirements, which helps to prevent fraud and provides transparency in the market. This is fundamental for maintaining public confidence in investment opportunities and the financial system as a whole.

The other choices—real estate licensing, military lending, and home equity loans—fall under different regulatory divisions or frameworks. Real estate licensing is typically managed by the California Department of Real Estate, while military lending would be governed under specific federal regulations such as the Military Lending Act. Home equity loans involve lending practices governed by banking regulations rather than securities regulation. Therefore, the focus of the Securities Regulation Division is distinctly on securities.