Department of Administrative Services

In the Department of Banking, Securities and Business Investments Division, this class is accountable for assisting the Director in directing the programs and operations of the division.

Receives administrative direction from the Banking Director of Securities and Business Investments Division.

REGISTRATION SECTION, assists in directing, planning and coordinating the processing of applications for broker-dealers, agents, investment advisors and investment advisor agents for original and renewal registration; assists in directing the review of required documents and financial statements to determine qualifications and financial condition of applicants and registrants; assists in supervising the conduct and review of regular and special examinations of broker-dealers and investment advisors; assists in directing the review of documents submitted for the registration of securities and business opportunities for sale in or from Connecticut or those filed in accordance with the Connecticut Tender Offer Act; assists in directing investigations concerning violations of the securities, business opportunity and tender offer laws; makes recommendations to the Director on the formulation of examination procedures; convenes administrative hearings in regard to the denial, suspension or revocation of registrations under the securities and business opportunity laws and the tender-offer laws; recommends legislation and legislative revisions effecting the securities and business investments law; acts as Director as needed; performs related duties as required.

ENFORCEMENT SECTION, assists in directing, planning and coordinating examinations and investigations of broker dealers and investment advisers in securities or business opportunities and reviews completed reports; assists in coordinating investigations of all complaints regarding alleged violations of state securities, business opportunity and tender offer laws; conducts hearings whenever necessary in connection with operation and enforcement of such laws and regulations; reviews annual financial statements of broker-dealers and investment advisers for compliance with capital or financial responsibility requirements; prepares subpoenas and participates in revocation proceedings; recommends legislation and legislative revisions effecting securities and business investments; acts as Director as needed; performs related duties as required.

Knowledge of and ability to apply management principles and techniques; considerable knowledge of the securities and business opportunity fields, including Federal and State securities and business opportunity law; considerable knowledge of accounting and auditing principles and practices, including the ability to understand financial statements; some knowledge of investigatory techniques; ability to interpret difficult, complex Federal and State laws pertaining to securities and business opportunities; considerable interpersonal skills; considerable oral and written communication skills; considerable supervisory ability.

Nine (9) years experience in areas directly related to the securities industry involving some accounting and financial analysis.

One (1) year of the General Experience must have been in a working lead capacity over professional staff involving securities examination or management at or above the level of Banking Principal Examiner.

1. College training in Finance or related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
   
2. A Master's degree in Business Administration or closely related field may be substituted for one (1) additional year of the General Experience.