PHOENIX - Gloria Papiez will become acting director of the Washington State Department of Financial Institutions, the state's primary financial regulator, on Nov. 1.

Gov. Jay Inslee announced the appointment late last week along with the news that Scott Jarvis, the current director of the department, is retiring. The DFI is a statewide financial regulator made up of five divisions, including a division of securities. The DFI takes enforcement actions against violators of the state’s securities laws, and also serves as an educational resource.

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