(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 maintains its principal place of business in a state other than Arkansas that:
(1) Is registered or licensed as such in the state in which it maintains its principal place of business; and
(2) Is in compliance with the applicable net capital requirements of the state in which it maintains its principal place of business.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 42 - Arkansas Securities Act
Subchapter 3 - Broker-Dealers, Agents, and Investment Advisers
§ 23-42-301. Registration required — Unlawful acts — Supervision requirements
§ 23-42-302. Registration procedure
§ 23-42-303. Minimum net capital requirement
§ 23-42-304. Filing fees — Rules
§ 23-42-305. Corporate surety bonds — Alternatives
§ 23-42-306. Records and reports — Examinations
§ 23-42-307. Unlawful acts by investment advisers
§ 23-42-308. Denial, suspension, revocation, or withdrawal of registration, and other penalties
§ 23-42-309. Protection of vulnerable adults from financial exploitation — Definitions