Quinn v. LPL Fin. LLC, No. B313414, 2023 Cal. App. LEXIS 361 (Ct. App. May 10, 2023)
Under Lab. Code 2785, the exemptions are retroactive. Here, a securities investment advisor with a registered broker-dealer (one of the exempt categories) sued for wage and hour violations which occurred before the exemption was enacted. This decision holds that section 2785, making the exemption retroactive, is constitutional. There was a rational basis for treating securities investment advisors differently; hence, the… Read More