Who is the Commissioner of Financial Protection and Innovation mentioned in the Ledgers FDD?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
In the Matter of a Consent Order between The Commissioner of Financial Protection and Innovation and John T. Hewitt, before the Commissioner of Financial Protection and Innovation for the State of California. The Commissioner is the head of the Department of Financial Protection and Innovation (Department) and is responsible for administering and enforcing the Franchise Investment Law (FIL) (Corp. Code, § 31000 et seq.), The Commissioner has determined pursuant to her authority under the FIL that John T. Hewitt is "subject to" the Final Order entered in the matter of United States of America v. Franchise Group Intermediate L 1, LLC d/b/a Liberty Tax Service (Case No. 2:19-cv-00653-RAJ-DEM) filed on or around December 3, 2019 in the United States District Court for the Eastern 25 District of Virginia (the Final Order). John T. Hewitt agreed that he is required to disclose the Final Order in Item 3 of any Franchise Disclosure Document filed by any present or future Franchisor where John T. Hewitt is a director, trustee, general partner, principal officer, or maintains management responsibility relating to the sale or operation of the respective Franchisor, along with disclosure of this governmental action.
Source: Item 3 — LITIGATION (FDD pages 11–16)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, the Commissioner of Financial Protection and Innovation for the State of California is referenced in relation to a Consent Order involving John T. Hewitt. The Commissioner heads the Department of Financial Protection and Innovation and is responsible for administering and enforcing the Franchise Investment Law (FIL).
The FDD indicates that the Commissioner determined John T. Hewitt was "subject to" a Final Order from the United States District Court for the Eastern District of Virginia. This determination was made under the Commissioner's authority as it relates to the Franchise Investment Law.
John T. Hewitt agreed to disclose the Final Order in Item 3 of any Franchise Disclosure Document filed by any present or future Franchisor where he holds a position as a director, trustee, general partner, principal officer, or maintains management responsibility relating to the sale or operation of the respective Franchisor. This disclosure requirement ensures transparency regarding Hewitt's involvement with franchise companies and any related legal or governmental actions.