A. The commission shall appoint a director of securities, subject to removal at the pleasure of the commission, at compensation as determined pursuant to section 38-611, who shall, subject to the authority and under the supervision of the commission, be the administrator of the division. The director of securities shall be a person at least thirty years of age and shall be qualified by any or all of the following:

1. 1. At least five years of experience and training in corporate finance, investment banking, accounting principles or securities.
2. 2. A college or graduate degree in business administration, the major subjects of which have relation to investment banking or corporate finance.
3. 3. A law degree and at least five years of legal experience and training in securities.