(a) It is unlawful for a person to transact business in this state as a broker-dealer or agent unless he or she is registered under this chapter. (b) (1) It is unlawful for a registered broker-dealer or issuer to employ an unregistered agent except a nonresident agent who is registered by any other state securities […]
(a) (1) A broker-dealer, agent, investment adviser, representative, or branch office may obtain an initial or renewal registration by filing with the Securities Commissioner or the commissioner’s designee an application and fee, together with a consent to service of process under § 23-42-107(a). (2) The commissioner may by rule or order approve a limited registration […]
(a) The Securities Commissioner shall require a minimum net capital for registered broker-dealers in such amount as he or she may by rule prescribe and for registered investment advisers in the amount of twelve thousand five hundred dollars ($12,500). (b) However, subsection (a) of this section shall not apply to any registered investment adviser which […]
(a) Every applicant for initial or renewal registration and every person making a notice filing as required by § 23-42-301(c) shall pay a filing fee of: (1) Three hundred dollars ($300) in the case of a broker-dealer; (2) Seventy-five dollars ($75.00) in the case of an agent, of which twenty-five dollars ($25.00) shall be designated […]
(a) (1) The Securities Commissioner shall require registered broker-dealers, investment advisers, and an agent for the issuer to maintain a bond in such form and amount as he or she may by rule prescribe. (2) However, this subsection does not apply to any registered investment adviser that maintains its principal place of business in a […]
(a) Every applicant, registered issuer, registered broker-dealer, or registered investment adviser shall make and keep any accounts, correspondence, memoranda, papers, books, and other records which the Securities Commissioner by rule prescribes. However, this subsection shall not apply to any registered investment adviser that maintains its principal place of business in a state other than Arkansas […]
(a) It is unlawful for any investment adviser or representative: (1) To employ any device, scheme, or artifice to defraud the other person; (2) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon the other person; or (3) To make any untrue statement […]
(a) The Securities Commissioner may by order deny, suspend, make conditional or probationary, or revoke any registration if he or she finds that: (1) The order is in the public interest; and (2) The applicant or registrant or, in the case of a broker-dealer or investment adviser, any partner, officer, or director; any person occupying […]
(a) As used in this section: (1) “Agencies” means: (A) The Adult Protective Services Unit of the Department of Human Services; and (B) The Securities Commissioner; (2) “Eligible adult” means a person who is: (A) Sixty-five (65) years of age or older; or (B) Subject to supervision by the Arkansas Adult Protective Services Unit of […]
