Expansion of Securities Commission Recommended

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The Special Committee on Securities Industry Reform Monday recommended that the three-member Oklahoma Securities Commission be expanded to five by adding two experienced members from the securities industry.

The committee, mandated by language in the securities commission's appropriations bill for fiscal 1989, is made up of legislators and securities industry representatives, such as securities lawyers, underwriters and stockbrokers.

Several committee members urged revamping the commission by including more knowledgeable, experienced securities industry people. One member, Wayne VonFeldt of the Oklahoma City office of Stifel Nicolaus & Co., suggested …