Governance Committee Chair
Mr. Faught is the Administrator of the Oklahoma Securities Commission. Prior to taking that position, he was a partner with Andrews Davis Legg Bixler Milsten & Price, in Oklahoma City, concentrating in securities and corporate law.
He is the author of Oklahoma Business Organizations: Formation and Representation (Lexis/Matthew Bender Publishers, 1990 – supplemented annually), a highly successful practice manual for lawyers concerning material specific to Oklahoma corporate, partnership, limited liability companies and securities law. He also authored many published legal articles including New Developments in Oklahoma Business Entity Law, Summer 2003 edition of the Oklahoma Law Review and Application of Securities Laws to Limited Liability Companies, in the Consumer Finance Law Quarterly Report Vol. 49 No 3 Summer 1995. He is a contributing author and editor of Personal Finance for the Economics Classroom: a Teaching Guide for Economics Instructors, a unique teaching tool that blends “macro” economic theory with what high school students need to know for “micro” financial decision making. This teaching guide can be used as the framework of an entire course or to supplement current high school economics courses. He has also written a column for the Daily Oklahoman on investor education.
He received his law degree from the University of Virginia School of Law and a Bachelor of Arts in Letters from the University of Oklahoma. He is an Adjunct Professor of Law, University of Oklahoma College of Law (corporations).
He serves on the drafting sub-committees of the Oklahoma Bar Association Business Associations and Corporations Section for the drafting of the Oklahoma General Corporation Act (1986) and amendments thereto and The Limited Liability Company Act (1991). He is a Certified Fraud Examiner and a member of The Association of Certified Fraud Examiners. Members of that association who have been designated as Certified Fraud Examiners have earned their certification after an extensive application process and rigorous testing. Members are subject to continuing education and are governed by a code of professional ethics. Mr. Faught serves on the Board of Directors of the Investor Protection Institute, a national organization dedicated to investor education and protection. Mr. Faught is the voting member for the state of Oklahoma for the North American Securities Administrators Association and serves on the standing Legal Services Committee.