The Legal Section of the Arkansas Securities Department includes a general counsel and a staff of six attorneys who represent the Department in all litigation and enforcement actions and are responsible for analyzing legislation, promulgating regulations, and responding to requests for interpretive opinions from licensees and the public. On this page, you’ll find important information about acts, policies, rules, orders, legal opinions, and more.
Clarified, Inc. d/b/a Tumble
A Consent Order entered concerning the failure to file a proof of exemption pursuant to Ark. Code Ann. Section 23-42-504(a)(9) and Rule 504(a)(9)(A).
TradeStation Crypto, Inc.
A Consent Order entered in connection with unregistered offers and sales of digital asset investments in violation of the Arkansas Securities Act.
An Order entered by the Arkansas Securities Commissioner granting a limited agent registration.
GS Partners Global, Swiss Valorem Bank, and Josip Heit
A Request for a Cease and Desist Order directing GS Partners Global, Swiss Valorem Bank and Josip Heit to immediately cease and desist from the fraudulent and misleading offer and sale of unregistered securities in the form of MetaCertificates to Arkansas investors.
ArkBit Capital LLC, BeefyBit Capital LLC, and NanoX Invest LLC
A Request for a Cease and Desist Order directing ArkBit Capital LLC, BeefyBit Capital LLC, NanoX Invest LLC, and related persons or entities, to immediately cease and desist from the fraudulent and unregistered offer and sale of securities in Arkansas and from acting as an unregistered issuer.
A Request for a Cease and Desist Order directing Expert-Trading, an unregistered issuer of securities, and its agents to immediately cease and desist from the fraudulent and unregistered offer and sale of securities in Arkansas.
A request for the Department to issue a no action letter regarding compliance requirements of adverse action notices required by Ark. Code Ann. § 4-93-104(a)(4).
A request for the Department to issue a no-action letter
concerning the claim of exemption from licensing
requirements contained in the Arkansas Money Services
Act for Hourly, Inc.
Green Bay Packers, Inc.
A request for the Department to issue a no-action letter regarding the offering of shares of Green Bay Packers, Inc.‘s common stock.
Policy Statement Regarding Statement on Subprime Mortgage Lending
Arkansas Securities Commissioner A. Heath Abshure has issued this Policy Statement to adopt the Statement on Subprime Mortgage Lending. The objective is to achieve uniformity in the regulation of the mortgage industry, whether the industry participants are federally insured or non-federally insured entities.
Policy Statement Regarding Requests for Informal Advice
Arkansas Securities Commissioner A. Heath Abshure has issued this Policy Statement to provide procedures on how to request informal advice from the Department.