agency
Agency may refer to:
Organizations
* Institution, governmental or others
** Advertising agency or marketing agency, a service business dedicated to creating, planning and handling advertising for its clients
** Employment agency, a business that ...
of the state of Oklahoma. The department oversees the
securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
business in Oklahoma. The department regulates securities agents, broker-dealers, and investment advisers as well as the registration of stocks, bonds, and many other types of securities.
The department is led by the Oklahoma Securities Commission, which consists of five members. Four members are appointed by the
Governor of Oklahoma
The governor of Oklahoma is the head of government of the U.S. state of Oklahoma. Under the Oklahoma Constitution, the governor serves as the head of the Oklahoma Executive (government), executive branch, of the government of Oklahoma. The gove ...
with the consent of the
Oklahoma Senate
The Oklahoma Senate is the upper house of the two houses of the Legislature of Oklahoma, the other being the Oklahoma House of Representatives. The total number of senators is set at 48 by the Oklahoma Constitution.State Banking Commissioner serve as the fifth voting member of the commission. The department's executive is the Administrator of Securities who is appointed by the commission.
The department was created in 1959 during the term of Governor
J. Howard Edmondson
James Howard Edmondson (September 27, 1925November 17, 1971) was an American politician from the U.S. state of Oklahoma. He served as the 16th governor of Oklahoma from 1959 to 1963, and the appointed United States Senator from Oklahoma from 1963 ...
.
Organization
*Securities Commission
**Administrator
***Deputy Administrator
****Professional Registrations and Compliance Division
****Corporate Finance Division
****Investigations and Enforcement Division
****Investor Education Division
Securities Commission
The Securities Commission is the governing body of the Department of Securities. The commission is composed of five members appointed by the
Governor of Oklahoma
The governor of Oklahoma is the head of government of the U.S. state of Oklahoma. Under the Oklahoma Constitution, the governor serves as the head of the Oklahoma Executive (government), executive branch, of the government of Oklahoma. The gove ...
with the advice and consent of the
Oklahoma Senate
The Oklahoma Senate is the upper house of the two houses of the Legislature of Oklahoma, the other being the Oklahoma House of Representatives. The total number of senators is set at 48 by the Oklahoma Constitution.State Banking Commissioner serves as the fifth voting member of the commission.
All members of the commission, except the State Banking Commissioner, serve six-year terms.
It is the duty of the commission to establish rules regulating the securities market and to appoint an Administrator of the department, who serves at the pleasure of the commission.
Budget
The Department of Securities is not funded by yearly appropriations from the
Oklahoma Legislature
The Legislature of the State of Oklahoma is the state legislative branch of the U.S. state of Oklahoma. The Oklahoma House of Representatives and Oklahoma Senate are the two houses that make up the bicameral state legislature. There are 101 sta ...
. Instead, it is funded entirely from license fees generated from the entities regulated by the department.
See also
*
Oklahoma Office of State Finance
The Oklahoma Office of Management and Enterprise Services (OMES) is a government agency which manages and supports the basic functioning of the government of Oklahoma. Under the leadership of the Oklahoma Secretary of Agency Accountability, OMES ...
*
Oklahoma State Banking Department
The Oklahoma State Banking Department (OSBD) is an agency of the state of Oklahoma. The Banking Department is responsible for regulating Oklahoma's banking system, including state-chartered banks, credit unions, savings and loan associations, and ...
*
Oklahoma Tax Commission
The Oklahoma Tax Commission (OTC) is the Oklahoma state government agency that collects taxes and enforces the taxation and revenue laws of the state. The Commission is composed of three members appointed by the Governor of Oklahoma and confirmed ...