CODE,CORP,SECURITIES,DIVISION 1,CORPORATE SECURITIES,LAW,FILING,REQUIREMENTS,THE SALE,HEADING,CHAPTER,ISSUER,TRANSACTIONS,FOR ANY,PERSON,SELL,STATE,SECURITY,TRANSACTION,SUBJECT TO,SECTION,WHETHER,UNDERWRITERS,UNLESS,OR 251,ORDER,SUBDIVISION,WITH RESPECT TO,CHAPTER 1,MANNER,THE SCOPE,CONFORM,MATERIAL,TERM,CONDITION,THE OFFERING,FORTH,PERMIT,MANNER OF,OFFERING,APPLICATION,SHALL,EFFECTIVE,JANUARY 1,REGISTRATION,STATEMENT,FILED,THE SECURITIES ACT OF 1933,CONNECTION,COORDINATION,DEFINED,RULE,REGULATION,C,MEANS,EXCEPT,INFORMATION,DOCUMENTS,ADDITION,THE INFORMATION,CONSENT,SERVICE OF PROCESS,REFERENCE,COMMISSIONER,UNDERTAKING,FORWARD,FUTURE,AMENDMENTS,AMENDMENT,DELAYS,EFFECTIVE DATE,EVENT,FIRST BUSINESS,THE DAY,SECURITIES AND EXCHANGE,COMMISSION,WHICHEVER,EVIDENCE,COMPLIANCE,RULES,MUST,FIFTH BUSINESS,THAT TIME,ORDER OF,SOLD,ACCORDANCE,TERMS,THE MOMENT,THE FEDERAL,CONDITIONS,STOP ORDER,BEEN ON,FILE,COMMISSIONER FOR,DAYS,MAXIMUM AND MINIMUM,PRICES,MAXIMUM,UNDERWRITING,DISCOUNTS,BUSINESS DAYS,SHORTER,PERIOD,LIMITATIONS,APPLICANT,NOTIFY,TELEPHONE,TELEGRAM,DATE,CONTENT,THE PRICE,PRICE,FEDERAL,SELLING,AMOUNT,INTEREST,DIVIDEND,CONVERSION,RATES,CALL,MATTERS,RELATED,FAILURE,NOTIFICATION,ENTER,NOTICE,HEARING,DENYING,EFFECTIVENESS,LETTER,ISSUANCE,THE ORDER,PROVES,VOID,AS OF,ENTRY,EITHER OR,CLAUSES,WAIVED,SOON,COMMISSIONER OF,ADVISE,EXPENSE,THE INSTITUTION OF,PROCEEDING,ADVICE,OPEN END INVESTMENT COMPANY,UNIT INVESTMENT TRUST,PREVIOUSLY,LIEU,CHANGE,PRIOR,CURRENT,ORDERS,EXPIRATION,EXPIRED,NOTHING,THE AUTHORITY,QUALIFY,AS ONE,INVESTMENT TRUSTS,SPONSOR,STATEMENTS,BELOW,ORGANIZATION,PLAN,BUSINESS,MAY 6,SECURITIES EXCHANGE ACT OF,INVESTMENT COMPANY,INVESTMENT COMPANY ACT OF 1940,ELIGIBLE,SECTION B,PURPOSE,CLASSIFY,ISSUERS,OCLOCK,NOON,CALIFORNIA,BUSINESS DAY,THE LAST AMENDMENT,OR AT,DETERMINES,COMPANY,CORPORATION,FOREIGN CORPORATION,NEITHER,BLIND,POOL,ENGAGED,OIL AND GAS EXPLORATION,PRODUCTION,MINING,EXTRACTIVE INDUSTRIES,REPORTING,OR 15,TOTAL,VOTING,COMMON STOCK,PREFERRED STOCK,MONTH,OUTSIDE,LIMITED,ONE MILLION DOLLARS,LESS,AGGREGATE,OFFERING PRICE,FOR ALL,MONTHS,START,RELIANCE,EXEMPTION,SECTION 3,VIOLATION,SECTION 5,IMMEDIATELY,CLASS,MINIMUM,THE CONVERSION,TWO DOLLARS,SHARE,FILES,STOCK SPLITS,STOCK,MERGERS,CLOSE,NOTWITHSTANDING,SPINOFF,MERGER,THE NET,ARE TO,OPERATIONS,THE BUSINESS,CORPORATE,DISCLOSURE,DOCUMENT,THE NORTH AMERICAN,ADMINISTRATORS,ASSOCIATION,INVESTOR,DUE DILIGENCE,INVESTIGATION,SIGNED,MAJORITY,THE MEMBERS,THE BOARD OF DIRECTORS,PREPARE,REPORT,PUBLICLY AVAILABLE,POSTING,THE REPORT,THE DEPARTMENTS,INTERNET,WEB SITE,DATA,COLLECTED,PERSONS,SUMMARY,THE GENERAL,CATEGORIES OF,INVESTMENTS,MINIMUM MAXIMUM,AVERAGE,NET WORTH,WHOM,FOR EACH,CATEGORY,ACTIVITY,STRINGENT,STANDARDS,THE EXPERIENCE,DOLLAR,MONEY,RAISED,NUMBER,NATURE,TAKEN,RELEVANT,INFORM,LEGISLATURE,INVEST,STEPS,ENSURE,PUBLICATION,RELEASE,PROPRIETARY INFORMATION,INDIVIDUALS,EXAMINE,REVIEW,STATE LAW,FINDS,VIOLATED,PROVISIONS,VERIFIED,WHOSE,BEHALF,INDEBTEDNESS,USURY,THE CONSTITUTION,CREATES,ARTICLE,ENTITLED,BENEFITS,DETERMINED,COURT,JURISDICTION,CALIFORNIA CONSTITUTION,STANDARD POORS,INVESTMENT GRADE,COMMERCIAL PAPER,MOODYS INVESTORS SERVICE,RATINGS,DESIGNATION,VARIATIONS,RATING,NATIONALLY RECOGNIZED,RATING AGENCY,SYSTEM,AGENCY,OR 2,LISTING,NATIONAL SECURITIES,EXCHANGE,THE EXCHANGE,SHAREHOLDERS EQUITY,AT THE END,RECENT,FISCAL YEAR,NET INCOME,AFTER ALL,CHARGES,TAXES,EXTRAORDINARY,FIVE HUNDRED,THOUSAND,DOLLARS,LAST,CONFORMITY,GENERALLY ACCEPTED ACCOUNTING,PRINCIPLES,BASIS,OR 3,OUTSTANDING SHARES,OWNED,PARAGRAPH,ENTITY,AFFILIATE,THE BORROWER,TOTAL ASSETS,FINANCIAL STATEMENTS,THE FINANCIAL,SENTENCE,MEET,90 DAYS,THE ENTITY,THE RULES,BY LAW,EVIDENCES,THREE HUNDRED,ORIGINAL,FACE AMOUNT,ORIGINAL ISSUE DISCOUNT,PURCHASE,BONA FIDE,WRITTEN,LENDING,PROVISION,LINE OF CREDIT,PRINCIPAL AMOUNT,EVENT OF DEFAULT,LENDERS,CONTROL,LENDER,APPLY,CONSIDERATION,REVOCABLE TRUST,PARTNERSHIP,GENERAL PARTNERS,AVAILABLE,GUARANTOR,THE CASE,OFFICERS,PARTY,LIMITED LIABILITY COMPANY,MANAGERS,PERSONAL,BUSINESS RELATIONSHIP,REASON,FINANCIAL,EXPERIENCE,PROFESSIONAL,ADVISERS,CAPACITY,PROTECT,MEANING,REGULATIONS,COUNSEL,DESIGNATE,ADVISER,ATTORNEY,CLIENT,RELATIONSHIP,FINANCE,DIVISION,