Section 86206 Of Article 2. Prohibitions From California Government Code >> Title 9. >> Chapter 6. >> Article 2.

. Nothing in this article prohibits the payment of fees for contractual services provided to an investment manager by a placement agent, as defined in Section 82047.3, who is registered with the Securities and Exchange Commission and regulated by the Financial Industry Regulatory Authority, except as provided in subdivision (f) of Section 86205.