Office of the Kansas Securities Commissioner is a division of the Kansas Insurance Department. The mission of the Office of the Kansas Securities Commissioner (KSC) is to protect and inform Kansas investors, to promote integrity and full disclosure by issuers and securities professionals, to investigate and prosecute fraud and to foster capital formation.
The Securities Commissioner administers the Kansas Uniform Securities Act, the Uniform Land Sales Practices Act, and the Loan Brokers Act. The Commissioner enforces these laws through administrative, civil and criminal proceedings.
In 1911, Kansas became the first state to pass a law regulating the sale of investments.[1] Lawmakers stated that the law was an attempt to prevent the sale of securities which had nothing behind them other than the "blue sky".[2] In the next few years, over 30 states passed similar laws.
Following the great stock market crash of 1929, the federal government began to regulate investment activity with the passage of the Securities Act of 1933 and the creation of the U.S. Securities and Exchange Commission in 1934.[3]
In 2011, the KSC and other state securities regulators celebrated the 100th (Centennial) Anniversary of the “Blue Sky” law.
The Office of the Kansas Securities Commissioner is administered by the Kansas Securities Commissioner.
| Name | Term | |
|---|---|---|
| Claude Moore | 1957–1958 | |
| Champ Graham | 1959–1961 | |
| Richard Pringle | 1961–1968 | |
| Donald Wurth | 1968 | |
| Michael Quinn | 1968–1971 | |
| Charles Rooney Jr. | 1971–1974 | |
| W. Boyd Evans | 1974 | |
| Robert C. Couch | 1974–1977 | |
| Dwight Keen | 1977–1982 | |
| John Wurth | 1982–1987 | |
| M. Douglas Mays | 1987–1991 | |
| James W. Parrish | 1991–1995 | |
| John Wine Jr. | 1995–1996 | |
| David Brant | 1996–2003 | |
| Chris Biggs | 2003–2010 | |
| Marc Wilson | 2010–2011 | |
| D. Aaron Jack | 2011–2013 | |
| Joshua Ney | 2013–2017 | |
| John Wine Jr. | 2017–2019 | |
| Jeff Wagaman | 2019–2020 | |
| Daniel Klucas | 2020–present |
The agency regulates and monitors the securities offerings and financial services within Kansas. The staff registers securities, broker-dealers and their agents, investment advisers, loan brokers and certain land subdivisions. Agency staff investigates potential violations of the laws and ensure that registered persons and entities comply with industry, legal, and accounting standards.[4]
To meet its mission, the KSC provides the following services:
“To protect and inform Kansas investors”
“To promote integrity and full disclosure by issuers and securities professionals”
“To investigate and prosecute fraud”
“To foster capital formation”