An applicant or registrant shall not make or cause to be made in any application or any report filed with the Commissioner under the Financial Code or Corporations Code or regulations, or in any proceeding before the Commissioner, any statement which is at the time and in the light of the circumstances under which it is made false or misleading with respect to any material fact, or omit to state in the application or report any material fact which is required to be stated in the application or report.
Cal. Code Regs. Tit. 10, § 1033
Note: Authority cited: Section 90009, Financial Code. Reference: Section 90009, Financial Code.