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.
Acts
The acts enforced by the Arkansas Securities Department.
Rules
The rules promulgated by the Arkansas Securities Department.
Proposed Rules
Current proposed amendments to the statues and rules and recently enacted statutory amendments and adopted rules.
Orders
Impact Management Group, Inc.
04/18/2025
An Order waiving certain conditions under Ark. Code Ann.§ 23-42-504(A)(9).
Plutus Financial Holdings Inc., Abra Trading, LLC, Plutus Financial Inc., Plutus Lending LLC, and William John Barhydt
04/02/2025
A Consent Order entered in connection with unlicensed money transmission activity in Arkansas.
Cirkor Inc.
04/01/2025
A Cease and Desist Order directing Cirkor Inc. to immediately cease and desist from all money transmitter activity in Arkansas until properly licensed.
Pleadings
Cirkor Inc.
03/25/2025
A Request for Cease and Desist Order directing Cirkor Inc. to immediately cease and desist from all money transmitter activity in Arkansas until properly licensed.
Larry Joe Rucker, Seatbeltguard, Inc., Guard4Life, BMS, Inc. d/b/a Brady Mountain Storage
02/10/2025
A Request for Cease and Desist Order directing the Respondents to immediately cease and desist from the fraudulent and misleading offer and sale of unregistered securities in the form of investment contracts to Arkansas investors.
WEEX International Exchange LTD
12/11/2024
A Request for Cease and Desist Order directing WEEX International Exchange LTD to immediately cease and desist from all money transmitter activity in Arkansas until properly licensed.
Legal Opinions
ALCOVA Mortgage
06/19/2023
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).
Hourly, Inc.
10/11/2022
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.
11/02/2021
A request for the Department to issue a no-action letter regarding the offering of shares of Green Bay Packers, Inc.‘s common stock.
Policies
Policy Statement Regarding Statement on Subprime Mortgage Lending
06/18/2008
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
06/17/2008
Arkansas Securities Commissioner A. Heath Abshure has issued this Policy Statement to provide procedures on how to request informal advice from the Department.