The mission statement of the Securities Division is "To protect the investing public and promote confidence in the capital markets."
This mission is accomplished through a variety of regulatory and enforcement tools, including:
- Reviewing securities, franchises, and business opportunity offerings
- Licensing and examining Broker/Dealers, Investment Advisers, and their representatives
- Providing technical assistance to small business
- Responding to customer complaints, investigating and bringing appropriate administrative, civil and criminal cases and
- Providing information and investor education.
Management of the Division
Management and policy-making power of the Division is vested in the Director of the Department of Financial Institutions and the Director of Securities. The Department and Division Director are responsible for the administration of the laws, regulations, and policies currently in force. The Director of Securities exercises general supervisory control over the employees of the Division including program managers, financial legal examiners, financial examiners, investigators, and administrative staff.
The current Division Director and program managers are:
- William Beatty - Securities Administrator
- Brian Guerard - Enforcement Program Manager
- Joanne Jones - Licensing and Examination Program Manager
- Faith Anderson - Registration and General Counsel Program Manager
Funding of Securities Division Activities
The Division is a revenue-generating, self supporting division of state government with none of its operating expenditures funded by general tax funds. Revenue is obtained solely from its primary functions of registration, licensing, examination, and enforcement. The Division is allotted 13% of the total funds it generates. The remaining 87% of the funds generated become a part of the General Fund and are used to fund other portions of state government.