Topeka, Kan. – Insurance Commissioner Vicki Schmidt, today, announced that she will name Jeff Wagaman as acting Securities Commissioner while he awaits Senate confirmation. Wagaman joins the Securities Commission after serving the past eight years as Executive Director of the Crime Victims Compensation Board – a division of the Attorney General’s Office. Wagaman will also bring regulatory experience to the position having served as Executive Director of the Kansas Corporation Commission.
“A number of the past Securities Commissioners have failed the test of public trust. The Legislature’s decision to move the Securities Commission under the Insurance Department was a direct result of past transgressions,” Insurance Commissioner Schmidt said. “Jeff Wagaman has a professional track record of effectively leading people and turning around struggling organizations. I am thrilled Jeff has agreed to serve in this role and I look forward to working with the Kansas Senate on his confirmation.”
“Throughout my career in public service I have been entrusted to lead a number of critically important agencies and organizations,” Wagaman said. “I am honored to be able to continue my public service in this new role.”
In 2017 the Kansas Legislature moved the Securities Commission under the purview of the Insurance Department. The Securities Commissioner is appointed by the Insurance Commissioner and confirmed by the Kansas Senate.