Rep. John Carmichael, D-Wichita, said he would prefer the Legislature hand securities commission obligations to Attorney General Derek Schmidt. Placing securities within the insurance department, criticized in the past for being cozy with industry, is a mistake, Carmichael said.

“In the future,” he said, “we may regret placing securities in that location.”

Read the full story at http://cjonline.com/news/state-government/2017-05-15/kansas-house-senate-near-consensus-securities-oversight-reform