Arkansas Code
Subchapter 2 - Administration
§ 23-42-201. Administration by Securities Commissioner — Conflicts of interest

(a)
(1) This chapter shall be administered by the Securities Commissioner, who shall be appointed by the Governor and who shall serve at the pleasure of the Governor.
(2) The commissioner shall report to the Secretary of the Department of Commerce.

(b)
(1) There is created within the Department of Commerce the State Securities Department.
(2) The State Securities Department shall have all the powers and duties assigned pursuant to Acts 1983, No. 691, and all subsequent delegations of authority.

(c) No person shall serve in the State Securities Department or in the Department of Commerce working for the State Securities Department in any capacity who engages in any activities regulated under the provisions of this chapter.