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Subchapter 1 - General Provisions
§ 23-42-101. Title - This chapter may be cited as the “Arkansas Securities Act”.
§ 23-42-102. Definitions - As used in this chapter, unless the context otherwise requires:...
§ 23-42-103. Applicability - (a) (1) Sections 23-42-106, 23-42-108, 23-42-109, 23-42-212, 23-42-301(a), 23-42-501, and...
§ 23-42-104. Criminal penalties - (a) Any person who knowingly violates § 23-42-507 shall be...
§ 23-42-105. Prosecution of criminal offenses - (a) (1) Prosecutions for offenses described in § 23-42-104 must...
§ 23-42-106. Civil liability — Definitions - (a) (1) A person is liable to a buyer of...
§ 23-42-107. Consent to service of process - (a) (1) (A) Every applicant for registration under this chapter,...
§ 23-42-108. Rights and remedies cumulative - The rights and remedies provided by this chapter are in...
§ 23-42-109. Waiver of compliance void - Any condition, stipulation, or provision binding any person acquiring any...
§ 23-42-110. False or misleading statements unlawful - It is unlawful for any person to make or cause...
Subchapter 2 - Administration
§ 23-42-201. Administration by Securities Commissioner — Conflicts of interest - (a) (1) This chapter shall be administered by the Securities...
§ 23-42-202. Delegation of authority by Securities Commissioner - (a) The Securities Commissioner may delegate to any person under...
§ 23-42-203. Confidentiality of information or proceedings generally - (a) It is unlawful for the Securities Commissioner or any...
§ 23-42-204. Rules, forms, and orders of Securities Commissioner - (a) The Securities Commissioner, from time to time, may make,...
§ 23-42-205. Investigations - (a) The Securities Commissioner, in his or her discretion, may:...
§ 23-42-206. Records of Securities Commissioner generally — Interpretive opinions - (a) (1) A document is filed when it is received...
§ 23-42-207. Public inspection of records — Exceptions - (a) (1) Unless otherwise specified below, all information filed with...
§ 23-42-208. Cooperation with other regulatory agencies - (a) The Securities Commissioner may enter into an arrangement, agreement,...
§ 23-42-209. Injunction, mandamus, or other ancillary relief - (a) (1) (A) Whenever it appears to the Securities Commissioner,...
§ 23-42-210. Judicial review - (a) (1) A person aggrieved by a final order of...
§ 23-42-211. Disposition of fees - (a) (1) There is created on the books of the...
§ 23-42-212. Registration or availability of exemption not construed as approval by Securities Commissioner — Inconsistent representation - (a) (1) Neither the fact that an application for registration,...
§ 23-42-213. Disposition of fines — Investor Education Fund - (a) There is created on the books of the Chief...
Subchapter 3 - Broker-Dealers, Agents, and Investment Advisers
§ 23-42-301. Registration required — Unlawful acts — Supervision requirements - (a) It is unlawful for a person to transact business...
§ 23-42-302. Registration procedure - (a) (1) A broker-dealer, agent, investment adviser, representative, or branch...
§ 23-42-303. Minimum net capital requirement - (a) The Securities Commissioner shall require a minimum net capital...
§ 23-42-304. Filing fees — Rules - (a) Every applicant for initial or renewal registration and every...
§ 23-42-305. Corporate surety bonds — Alternatives - (a) (1) The Securities Commissioner shall require registered broker-dealers, investment...
§ 23-42-306. Records and reports — Examinations - (a) Every applicant, registered issuer, registered broker-dealer, or registered investment...
§ 23-42-307. Unlawful acts by investment advisers - (a) It is unlawful for any investment adviser or representative:...
§ 23-42-308. Denial, suspension, revocation, or withdrawal of registration, and other penalties - (a) The Securities Commissioner may by order deny, suspend, make...
§ 23-42-309. Protection of vulnerable adults from financial exploitation — Definitions - (a) As used in this section: (1) “Agencies” means: (A)...
Subchapter 4 - Registration of Securities
§ 23-42-401. Registration by notification - (a) The following securities may be registered by notification, whether...
§ 23-42-402. Registration by coordination - (a) Any security for which a registration statement has been...
§ 23-42-403. Registration by qualification - (a) Any security may be registered by qualification. (b) A...
§ 23-42-404. Registration statements generally - (a) A registration statement may be filed by the issuer,...
§ 23-42-405. Stop order denying, suspending, or revoking registration statement - (a) The Securities Commissioner may issue a stop order denying...
Subchapter 5 - Regulation of Transactions
§ 23-42-501. Sale of unregistered nonexempt securities - It is unlawful for any person to offer or sell...
§ 23-42-502. Filing of prospectus, sales literature, etc - The Securities Commissioner, by rule or order, may require the...
§ 23-42-503. Exempted securities - (a) The following securities are exempted from §§ 23-42-501 and...
§ 23-42-504. Exempted transactions - (a) The following transactions are exempted from §§ 23-42-501 and...
§ 23-42-505. Denial or revocation of exemption - (a) The Securities Commissioner may, by order, deny or revoke...
§ 23-42-506. Burden of proof of exemption - In any proceeding under this chapter, the burden of proving...
§ 23-42-507. Fraud or deceit in connection with offer, sale, or purchase of securities - It is unlawful for any person, in connection with the...
§ 23-42-508. Market manipulation - It is unlawful for any person, directly or indirectly, in...
§ 23-42-509. Covered securities - (a) The Securities Commissioner, by rule or order, may require...