Washington State Department of Financial Institutions

News Release

Wednesday, July 14, 2010

Contact

Lyn Peters, Director of Communications
PH (360) 902-8731, Cell 360.349.8501, lyn.peters@dfi.wa.gov

Scott Jarvis, DFI Director
PH 360.902.0513, scott.jarvis@dfi.wa.gov

Bill Beatty, DFI Director of Securities
PH 360.902.8723, bbeatty@dfi.wa.gov

FOR IMMEDIATE RELEASE:


William "Bill" Beatty Selected As Washington Department Of Financial Institutions Director Of Securities

Beatty brings more than 20 years of experience from within DFI’s Securities Division to the job

Olympia – The Washington State Department of Financial Institutions (DFI) announces Bill Beatty as the agency’s new Securities Administrator, replacing Mike Stevenson who retired earlier this year. Beatty has been with the Securities Division since 1986, most recently serving as a Program Manager and General Counsel.

“We’re really pleased Bill is stepping into this new role at DFI,” DFI Director Scott Jarvis said. “Bill’s been an integral part of DFI for more than 20 years. His firm grasp on the issues facing regulators during these turbulent times will help the Division — and DFI as a whole — continue to thrive.”

Beatty is a graduate of the University of Puget Sound and the Seattle University School of Law. He joined DFI in 1986 as a Staff Attorney. He has since served as a Financial Legal Examiner 5, Associate Legal Counsel, General Counsel and Program Manager.

Beatty brings to the position a variety of knowledge and experiences, including:

“I’ve enjoyed my many years with DFI and look forward to serving as the Administrator of DFI’s Division of Securities for many more,” Beatty said. “The Division has many talented and hard-working staff who are dedicated to protecting Washington’s investors. I accept the new challenges this job will bring with pleasure and pride.”

Beatty assumes his position as DFI’s newest Securities Administrator on Friday, July 16.


About DFI
www.dfi.wa.gov ▪ 360.902.8700 ▪ 877.RINGDFI (746.4334)
The Washington State Department of Financial Institutions regulates a variety of financial service providers such as banks, credit unions, mortgage brokers, consumer loan companies, payday lenders and securities brokers and dealers. The department also works to improve financial education throughout Washington through its outreach programs and online clearinghouse www.dfi.wa.gov/financial-education. In addition to posting information about licensees and administrative actions, DFI uses the Web and social media to provide financial education information:
www.twitter.com/FinEd4Allwww.twitter.com/DFIConsumersfinlit.blogspot.comwww.youtube.com/user/WADFIwww.homeownership.wa.gov

About Division of Securities
www.dfi.wa.gov/sd ▪ 360.902.8760 ▪ 877.RINGDFI (746.4334)
The Division of Securities regulates securities investments, franchises, business opportunities, and off-exchange commodities sold in Washington and the firms and individuals that sell these products or provide investment advice. The Division handles complaints, conducts investigations, and takes appropriate enforcement actions to protect investors and combat fraud.

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