California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 2.5 — Athlete AgentsArticle 2 — Professional Athletes and Athlete AgentsSection 18897.3
If an athlete agent or athlete agent’s representative or employee provides financial services to a professional athlete or student athlete or advises the athlete concerning investment of funds, the athlete agent shall disclose to the athlete any ownership interest the athlete agent, representative or employee has in any entity regarding which the athlete agent, representative or employee is providing financial services or giving advice, and any commission the athlete agent, representative or employee will receive from the athlete’s investment.
Notes
Requires an athlete agent who provides financial services or investment advice to a professional or student athlete to disclose any ownership interest the agent, representative, or employee has in an entity connected to the services or advice. The agent must also disclose any commission that person will receive from the athlete’s investment.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18897.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2-5/article-2/section-18897-3