Oklahoma Business and Commercial Law

Irving L. Faught, Esq. is the retired Administrator of the Oklahoma Securities Commission. He served in this position from 1991 to 2019 under five governors. Prior to taking that position, he was a partner with Andrews Davis Legg Bixler Milsten & Price, in Oklahoma City, concentrating in securities and corporate law.

He is the author of OKLAHOMA BUSINESS ORGANIZATIONS: FORMATION AND REPRESENTATION (Lexis/Matthew Bender, 1990–2004), a highly successful practice manual for lawyers concerning material specific to Oklahoma corporations, partnerships, limited liability companies, and securities law. He also authored many published legal articles including New Developments in Oklahoma Business Entity Law, (Summer 2003) of the OKLAHOMA LAW REVIEW and Application of Securities Laws to Limited Liability Companies, in the CONSUMER FINANCE LAW QUARTERLY REPORT (Vol. 49, No. 3, Summer 1995). He has written a column for the DAILY OKLAHOMAN on investor education. He is also the author of YOU’RE NEVER TOO YOUNG: HOW TO BEGIN A FAMILY DISCUSSION ABOUT PERSONAL FINANCE (Faught Publishing, Co., LTD, 2018).

He received his law degree from the University of Virginia School of Law; a Bachelor of Arts in Letters from the University of Oklahoma and attended Columbia University (1958–1959) under grad. He studied at a summer session at Harvard Law School studying Securities Regulation under Prof. Louis Loss and Banking Regulation under Prof Scott. He is a member of the Oklahoma Bar Association. He received mediation training from Pepperdine University Straus Institute in 2020 (40hrs) and the Oklahoma Supreme Court mediation training (2020).

He is an Adjunct Professor of Law at Oklahoma City University School of Law, where he teaches securities regulation and corporate finance). He is also an Adjunct Professor at University of Oklahoma’s College of Law and teaches about corporations.

He serves on the drafting sub-committees of the Oklahoma Bar Association Business Associations and Corporations Section for the drafting of the Oklahoma General Corporation Act (1986) and amendments thereto and The Limited Liability Company Act (1991).

He is a Certified Fraud Examiner and a retired member of the Association of Certified Fraud Examiners. He maintains an AV rating and is in Whose Who in American Law and the Best Lawyers in America.

Mr. Faught’s practice areas include: Oklahoma for profit and not for profit entity formation; structuring, reorganization, and operations; Federal and state securities compliance for issuers, broker/dealers, Investment Advisors, and other securities professionals; Elder care fraud; Arbitration (FINRA Public Arbitrator Panel) and Mediation; Business capital formation; Business internal fraud and legal compliance audits; administrative law; and Expert witness for securities arbitration and litigation in federal courts.

Court Admissions: Oklahoma Supreme Court; U.S. Supreme Court (admitted 1969); U.S. Court of Appeals for the Tenth Circuit (admitted 1969); U.S. District Court for the Western District of Oklahoma (admitted 1965); and U.S. Court of Military Appeals (admitted 1969).

Military Service: 1966 to 1983 in the United States Naval Reserve JAG; Lt. Cmdr.; retired.

Moira Watson earned her B.A. from Rice University, her J.D. from the University of Pennsylvania Carey Law School, and her D.Phil. (Ph.D.) from the Law Faculty at the University of Oxford. She is currently a shareholder and director at Hall, Estill, Hardwick, Gable, Golden & Nelson, P.C. in Oklahoma City.