In 2024, more than 36% of all permits issued by the California Department of Financial Protection & Innovation for the offer and sale of securities under the Corporate Securities Law of 1968 (“CSL”) were issued to church extension funds.1 The amount sought to be raised by these funds exceeded $49.5 billion.2
Calcorporatelaw.com · Jul 28, 2026
Commissioner Enters Into Consent Order With Lutheran Nonprofit Organization
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In 2024, more than 36% of all permits issued by the California Department of Financial Protection & Innovation for the offer and sale of securities under the Corporate Securities Law of 1968 (“CSL”) were issued to church extension funds. The amount sought to be raised by these funds exceeded $49.5 billion.
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