Illinois Secretary of State Alexi Giannoulias has reinforced the state’s Securities Department with key leadership hires, aiming to better protect residents’ financial interests. New appointments include Kristine Kolky as Deputy Director, Victor Turla as Chief of Enforcement, Frank Ronis as Chief of Examinations, and Jordan Frieberg as Senior Investigator. These additions bring expertise in law, financial investigation, and fraud prevention, particularly as the department confronts complex cases involving cryptocurrency. The Securities Department registers thousands of industry professionals, combats scams, and generates state revenue without relying on taxpayer funds. Enhanced resources mean stronger oversight and improved financial safeguards for Illinois investors.
The department regulates the state’s investment industry and generates over $60 million annually, funding itself through fees and penalties. These strategic hires are expected to further strengthen safeguards for investors across Illinois.
