The Texas State Securities Board today welcomed back John Morgan, naming him the new Texas Securities Commissioner. Morgan had served as Deputy Commissioner for 14 years before retiring from state employment in February.
Morgan's 27 .5 years of experience at the Agency includes 13 years in the Enforcement Division, eight of them as Director of Enforcement. During that time he was a special prosecutor in securities fraud trials in several Central Texas counties.
Morgan replaces Benette L. Zivley, who resigned last month as Securities Commissioner.
"We are excited to have John's steady hand and nearly three decades of securities work to help guide the Agency,"said Beth Ann Blackwood of Dallas, the chair of the State Securities Board. "He is well equipped to meet the continuing challenges of protecting Texas investors in these uncertain times for the capital markets."
Morgan said, "I'm looking forward to rejoining the State Securities Board, which I know from long experience has a dynamic, hard-working staff that is dedicated to protecting investors in Texas."
Morgan becomes the seventh Securities Commissioner since the Agency's creation in 1957.
Morgan is a graduate of the University of Kansas and received his law degree from the Texas Tech University School of Law.
The State Securities Board registers securities offered or sold in Texas; oversees the firms and individuals selling securities or providing investment advice; enforces the Securities Act through criminal, civil and administrative actions. The Agency also provides investor education presentations and material and maintains a separate educational site, www.TexasInvestorEd.org.