Lawyer Named As New Mexico's Securities Regulator

Aug 17, 2013

An Albuquerque lawyer has been named by Gov. Susana Martinez to serve as New Mexico's top securities regulator.

The governor's office announced Friday the appointment of Alan Wilson as director of the Securities Division in the Regulation and Licensing Department.

Wilson replaces Daniel Tanaka, who resigned earlier this year.

Wilson operated a private law practice. He received a law degree from the University of New Mexico.

The agency licenses broker-dealers and investment advisers and investigates securities fraud.

Tanaka ran into criticism from legislators for an investigation of a fake audit at the New Mexico Finance Authority.

The authority's former comptroller pleaded guilty to felonies last year for faking the audit. Lawmakers questioned the arrest of the authority's former chief operating officer. A grand jury declined to indict him.

Copyright 2013 The Associated Press.