Public Finance Division

Investment Protection Standards

The Treasurer’s Office maintains Investment Protection Standards that set minimum corporate ethics rules for the investment banks and broker-dealers who do business with the State of California. The standards seek to protect investors, taxpayers and pensioners. Members of the State Treasurer’s bond underwriter pool, and institutions approved to do business with the state’s multi-billion dollar Pooled Money Investment Account (also managed by the Treasurer’s Office) must comply with the standards or risk losing their status.