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Auditor-Controller Treasurer-Tax Collector Department

Investment and Debt Division
County Of Sonoma › Administrative Support & Fiscal Services › Auditor-Controller-Treasurer-Tax Collector › Divisions › Investment and Debt › Broker/Dealer Information
Investment and Debt Division

Broker/Dealer Information

This page is intended for Brokers and Dealers interested in doing business with Sonoma County's Investment Division.

Only Broker/Dealers that are on the County’s formal approved list may perform securities transactions with the County’s Investment Division.

To be considered as potential counterparty for the County’s securities transactions, Broker/Dealers must qualify under California Government Code Section 53601.5. Categories of allowed counterparties include:

  1. A Financial Institution that is designated as a primary dealer by the Federal Reserve.
  2. A Financial Institution that is a member of a federally regulated securities exchange.
  3. A Financial Institution licensed by the state as a broker-dealer as defined by Section 25004 of California Corporation Code.
  4. Financial Institutions that are national or state-chartered banks or savings associations or federal associations as defined by Section 5102 of the California Financial Code that directly sell only their own investments.

All counterparties are required to complete and return the Due Diligence Questionnaire to the County’s Investment Officer.  Please fill in the sections of the Questionnaire that are applicable to the category (1 to 4, above) being submitted.  Periodically, the County will review applications provided and select Broker/Dealers based on the information about the Broker/Dealer’s practice, financial, condition, industry reputation and legal/regulatory conditions.

Please conform to all requests for information in the questionnaire; failure to do so will delay review and may jeopardize the applicant’s consideration for approval.  Please submit all information electronically.  NO PHYSICAL APPLICATIONS WILL BE CONSIDERED.

Some of the information considered includes, but is not limited to:

  • Relevant experience of the proposed individual representatives to service the County
  • Legal and regulatory issues
  • Financial condition of the firm
  • Type and amount of inventory
  • Experience with other municipal, particularly California, clients
  • Totality of all services provided

Acceptance of a Broker/Dealer into the County’s approved list DOES NOT GUARANTEE the Broker/Dealer any business with the County.

Forms:

Due Diligence Questionnaire

Contact:

David Maurice
Investment and Debt Officer
david.maurice@sonoma-county.org