Colorado Securities Commissioner Chris Myklebust is stepping down after board members and local attorneys questioned the validity of his appointment by an outgoing regulator, according to an email sent to board members Thursday. Myklebust will leave the post on Sept. 20, Patty Salazar, the current executive director of the Department of Regulatory Agencies, said in […]
Colorado Securities Board will seek its own counsel to investigate quick hiring of new securities commissioner
At a special Colorado Securities Board meeting held Friday on whether Securities Commissioner Chris Myklebust was hired legally, the board voted to employ its own lawyer independent from its current counsel: the state Attorney General’s Office, which maintained Myklebust’s hiring was legal even though the job was not publicly posted. Some members of the board […]
Colorado’s top securities regulator was hired in 19 days. Board members push for investigation of the quick pick.
Nineteen days after Gerald “Jerry” Rome told his boss in November that he planned to retire as Colorado’s Securities Commissioner, Chris Myklebust accepted the job as Rome’s replacement. Myklebust had already served as the state’s bank commissioner and the state’s commissioner of financial services. But the sudden hire raised eyebrows, especially those of securities board […]
Colorado regulators look beyond coin offerings for other cryptocurrency fraud
A special task force to investigate cryptocurrency shenanigans will continue after Gerald Rome leaves his post Friday as commissioner for the Colorado Division of Securities. The task force, created over the summer, has four staff members investigating potentially fraudulent activity involving cryptocurrency offerings. It has since expanded its scope to include other crypto investments. “Once […]