Areas of practice
• 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 financial fraud. • Arbitration (FINRA Public Arbitrator Panel) and Mediation. • Business capital formation. • Business internal fraud and legal compliance audits. • Administrative law. a • Expert witness for securities arbitration and litigation in federal courts.
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About Irving Faught PLLC
Commitment to Excellence
Irving L. Faught
Mr. Faught is the retired Administrator of the Oklahoma Securities Commission. He served in this position from 1991 to 2019 and served 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 Oklahoma Business and Commercial Law, LexisNexis/Mathew Bender, Oklahoma Business and Commercial Law book | LexisNexis Store, an annually updated treatise intended to address the rapid growth of business technology and the changing law of business entities.
He is the author of Oklahoma Business Organizations: Formation and Representation (Lexis/Matthew Bender Publishers, 1990 - supplemented annually), a highly successful practice manual for lawyers concerning material specific to Oklahoma corporate, partnership, limited liability companies and securities law. He also authored many published legal articles including New Developments in Oklahoma Business Entity Law, Summer 2003 edition 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 also has written a column for the Daily Oklahoman on investor education. He the author of You’re Never Too Young: How to begin a family discussion about personal finance (Faught Publishing, Co. LTD, 2018: available on Amazon)
He received his law degree from the University of Virginia School of Law and a Bachelor of Arts in Letters from the University of Oklahoma and attended Columbia University under grad. He studied at a summer session at Harvard Law School studying Securities Regulation under Prof. Louis Loss and Constitutional Law under Prof. Laurence Tribe. He attended the Straus Institute for Dispute Resolution at Pepperdine University and completed 42 hours of mediation training and the Oklahoma Supreme Court, Alternative Dispute Resolution Mediation training (20 HRS).
He is an Adjunct Professor of Law, Oklahoma City University School of Law (securities regulation and corporate finance) and University of Oklahoma College of Law (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). The committee is also working to establish business law courts in Oklahoma.
He is a Certified Fraud Examiner and a member of The Association of Certified Fraud Examiners. Members of that association who have been designated as Certified Fraud Examiners have earned their certification after an extensive application process and rigorous testing. Members are subject to continuing education and are governed by a code of professional ethics.
He maintains an AV rating and is in the Best Lawyers in America.
Military:1966-1983 Lt. Cmdr. USNR Jag Corp retired
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