Guest CSEPM Posted April 20, 2004 Posted April 20, 2004 A financial institution is telling us that they do not need to register under California's vendor registration law since it is marketing non-proprietary 403(b) products. Anyone know if they would be considered a vendor or a broker that does not need to register or obtain a vendor number? Thanks.
Guest llaplount Posted April 23, 2004 Posted April 23, 2004 It does not matter if the financial institution is offering non-proprietary or proprietary products, they must register. To obtain information about the California Registry, log onto www.403bcompare.com
Guest scottyd Posted April 25, 2004 Posted April 25, 2004 If the marketing company is offering a product, they must register it. If the Marketing company is simply offering products that are being registered by the companies it sells than they don't have to register. It is the product that requires registration - no money can go into a product that is not registered. ScottyD
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