Securities Director  What They Do

Just the Facts


Insider Info

dotSecurities directors are also called securities administrators and commissioners. They are hired by state governments to regulate the investing world. This work is done at securities agencies in each state.

dotIf you purchase stocks, bonds or mutual funds, the securities agency will protect you. That doesn't mean they'll guarantee that your investment will make money. But it's their job to make sure that all trade is regulated. They make sure that you will be protected against fraud and abuse, and that you can invest in a fair and open market.

Securities agencies offer the public this protection by making sure investors have access to information about companies. They create fair rules of play by which companies on the stock market must abide.

They also regulate the industry by setting standards and qualifications for investment advisors.

Finally, they root out fraudulent companies, impose fines and ban them from the stock markets. "We investigate complaints and take action against fraud," says Michael Bernard. He is the manager of communications for a securities commission.

dotSecurities directors work in state government offices. They often have a large staff of detectives, accountants and corporate analysts working for them.

You can't just fill out a resume and go for a job interview to be a securities director or administrator. Most often, this is a government-appointed position. In a few states, it's an elected position.

"In most cases, securities administrators are appointed by someone who is appointed by the governor," explains Deborah Bortner. She is a securities administrator in Washington state.

dotIn general, securities administrators tend to work regular office hours. "Depending on the area you work in, you could be putting in 40- to 50-hour weeks," says Bernard. "In other areas, you may put in 35 hours."

dotWorking as a securities director isn't a physically demanding job. People with physical challenges could find work in this field.

"We have a couple of people on staff with hearing and speech disabilities," explains Bernard. "There are possibilities of work in different areas."

At a Glance

Be the stock market watchdog

  • Create the rules for companies listed on the market
  • Make sure all trade is regulated
  • Most have a law degree


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