§ 23-55-804. Consent orders
The commissioner may enter into a consent order at any time with a person to resolve a matter arising under this chapter or a rule adopted or order issued under this chapter. A consent order must be signed by the person to whom it is issued or by the person’s authorized representative, and must indicate […]
§ 23-55-501. Relationship between licensee and authorized delegate
(a) In this section, “remit” means to make direct payments of money to a licensee or its representative authorized to receive money or to deposit money in a bank in an account specified by the licensee. (b) A contract between a licensee and an authorized delegate must require the authorized delegate to operate in full […]
§ 23-55-805. Civil penalties
The commissioner may assess a civil penalty against a person that violates this chapter or a rule adopted or an order issued under this chapter in an amount not to exceed $1,000 per day for each day the violation is outstanding, plus this State’s costs and expenses for the investigation and prosecution of the matter, […]
§ 23-55-502. Unauthorized activities
A person may not provide money services on behalf of a person not licensed under this chapter. A person that engages in that activity provides money services to the same extent as if the person were a licensee.
§ 23-55-806. Criminal penalties
(a) A person that intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under this chapter, that intentionally makes a false entry or omits a material entry in such a record, or violates any rule promulgated or order issued hereunder is guilty of a Class B […]
§ 23-55-601. Authority to conduct examinations and investigations
(a) The Securities Commissioner or the commissioner’s designee may conduct an annual examination of a licensee or of any of its authorized delegates upon 45 days’ notice in a record to the licensee. (b) The commissioner may examine a licensee or its authorized delegate, at any time, without notice, if the commissioner has reason to […]
§ 23-55-807. Unlicensed persons
(a) (1) [Repealed.] (2) If as a result of an investigation or examination the Securities Commissioner finds that a person has engaged or is about to engage in an act or practice constituting a violation of this chapter or a rule or order under this chapter, the commissioner may summarily issue: (A) A cease and […]
§ 23-55-602. Cooperation
The Securities Commissioner may consult and cooperate with other state money services regulators and agencies of the United States Government in enforcing and administering this chapter. They may jointly pursue examinations and take other official action that they are otherwise empowered to take.
§ 23-55-808. Receivership
(a) (1) Whenever a licensee has refused or is unable to pay its obligations generally as they become due or whenever it appears to the commissioner that a licensee is in an unsafe or unsound condition, the commissioner, or the Attorney General representing the commissioner, may apply to the Pulaski County Circuit Court or to […]
§ 23-55-603. Reports
(a) A licensee shall file with the commissioner within 15 business days any material changes in information provided in a licensee’s application as prescribed by the commissioner. (b) A licensee shall file with the commissioner within 45 days after the end of each calendar quarter a current list of all authorized delegates, and locations in […]