A. The commission shall appoint a director of securities, subject to removal at the pleasure of the commission, at compensation as determined pursuant to section 38-611, who shall, subject to the authority and under the supervision of the commission, be the administrator of the division. The director of securities shall be a person at least thirty years of age and shall be qualified by any or all of the following:

Terms Used In Arizona Laws 44-1811

  • Director: means the director of the securities division of the commission. See Arizona Laws 44-1801
  • Division: means the securities division of the commission. See Arizona Laws 44-1801
  • Person: means an individual, corporation, partnership, association, joint stock company or trust, limited liability company, government or governmental subdivision or agency or any other unincorporated organization. See Arizona Laws 44-1801

1. At least five years of experience and training in corporate finance, investment banking, accounting principles or securities.

2. A college or graduate degree in business administration, the major subjects of which have relation to investment banking or corporate finance.

3. A law degree and at least five years of legal experience and training in securities.

B. The director of securities shall devote the director’s entire time to the discharge of the duties of the office.