Arizona Revised Statutes

Ariz. Rev. Stat. § 44-1811 (2026)

Director of securities

✓ current as of May 2026
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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.

Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 1955–2022 · leading case: People Ex Rel. Babbitt v. Green Acres Trust, 618 P.2d 1086 (Ariz. Ct. App. 1980).
People Ex Rel. Babbitt v. Green Acres Trust, 618 P.2d 1086 (Ariz. Ct. App. 1980). · cites it 2× “See A.R.S. §§ 44-1811 to -1815, 44-1822 to -1825.”
Marsin v. Udall, 279 P.2d 721 (Ariz. 1955). · cites it 2× “See, Section 44-1811, A.C.A. 1939. We believe our brethren of the majority have been led into this error by failing to recognize that since statehood there have been separate and distinct statutory or rule provisions in civil and criminal cases relative to obtaining the valuable…”
Ventures 7000 v. Acc (Ariz. Ct. App. 2022). · cites it 2× “Twyman and Ventures were also found responsible for inducing and participating in unlawful sales made by Ventures’ joint partner, the Fortitude Foundation 1 See A.R.S. §§ 44-1811, -1813; Ariz. Admin. Code (A.”
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