C.R.S. § 11-51-701

There is created the division of securities in the department of regulatory agencies, the head of which is the commissioner of securities, who shall be appointed by the executive director of the department of regulatory agencies, pursuant to section 13 of article XII of the state constitution, and the securities board. The division of securities and the office of commissioner of securities are type 1 entities, as defined in section 24-1-105 . The division is responsible for the administration of the provisions of articles 51, 53, and 59 of this title 11 and part 7 of article 75 of title 24 , and shall perform such other duties as are imposed upon it by law.