44-1811 - Arizona Statutes

44-1811. Director of securities 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: 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.