The Commission is the policy making and governing authority of the Department of Securities. The Commission comprises five members appointed by the Governor with the advice and consent of the Senate. One member is a member of the Oklahoma Bar Association, one member is an active officer of a bank or trust company operating in the State, one member is a certified public accountant and one member is an active member from the securities industry. The term of these members is six years. The fifth member is the State Bank Commissioner who serves ex officio. The Commission meets at its offices on the third Thursday of every other month. The Commission appoints an Administrator. The current Commission members and the Administrator are:

• Armand Paliotta, Chairperson
  
• William Johnstone, Member
  
• Charles E. Newton, Member
  
• Nancy Hyde, Member
  
• Mick Thompson, Ex-officio Member
  
• Irving L. Faught, Administrator

The mission of the Oklahoma Securities Commission is investor protection through the administration and enforcement of the Oklahoma Uniform Securities Act of 2004 (OUSA of 2004) *, an act prohibiting fraud in securities transactions and requiring the registration of broker-dealers, agents, investment advisers and investment adviser representatives and the registration of securities.

The Commission also administers the Oklahoma Business Opportunity Sales Act *, the Oklahoma Subdivided Land Sales Code and the Oklahoma Take-over Disclosure Act of 1985.

* See also the Rules of the Oklahoma Securities Commission and the Administrator of the Department of Securities.