What are the main roles of the Administrator according to state law?

The primary role of the Administrator, as outlined by state law, is to enforce compliance with the various statutes and regulations governing securities transactions. This encompasses overseeing the activities of broker-dealers, investment advisers, and other entities in the financial services industry to ensure that they are adhering to state laws designed to protect investors and maintain the integrity of the financial system.

By enforcing compliance, the Administrator helps to prevent fraudulent activities and ensures that all market participants are treated fairly. This includes the authority to investigate potential violations, take disciplinary actions against violators, and implement measures to enhance investor education and protection.

Promoting investment opportunities, providing advisory services, and regulating stock exchanges, while potentially related functions of various financial entities or organizations, do not fall under the direct purview of the Administrator. Instead, these tasks are more aligned with other roles within the financial ecosystem. The Administrator's focus remains on maintaining compliance and enforcing regulatory standards within the securities market.