Arkansas Securities Department, Little Rock, AR

Arkansas Securities Department

www.securities.arkansas.gov

Act 254 of 1959 placed responsibility for the "sale of securities" under the jurisdiction of the State Bank Department, and provided for a State Securities Commissioner. The Securities Commissioner was to be appointed by the Governor and subject to the supervision of the State Bank Commissioner, and operated as a division of the State Bank Department. Act 38 of 1971 transferred both the State Bank Department and the State Securities Department to the Department of Commerce. Each division continued to function independently of the Commerce Department with regard to the prescribed statutory powers, authorities, duties, and rulemaking responsibilities they had prior to the transfer. Act 471 of 1973 amended Act 254 of 1959 to provide that the Securities Division was no longer a part of the State Bank Department and the Securities Commissioner was no longer subject to the supervision of the State Bank Commissioner. The Act further provided that the Securities Division be renamed the Arkansas Securities Department and that all Acts previously regulated by the Securities Division be transferred to the new agency effective July 1, 1973. In early 1975, it became apparent that the special revenue fund balances transferred to the Department by the Bank Department pursuant to Act 471 of 1973 would not be sufficient to continue operation of the Department at its current level. Act 863 of 1975 amended all Acts administered by the Department to reclassify all revenues received by the Department as general revenues. Thus, effective July 1, 1975, the Department ceased being a special revenue agency and became a general revenue agency with all expenditures paid from the general revenues of the State. Act 691 of 1983 abolished the Department of Commerce. Section 3 of the Act directed that the State Securities Department shall function as an independent agency. The Securities Commissioner is appointed by the Governor and serves at the pleasure of the Governor. Act 659 of 1993 created on the books of the Chief Fiscal Officer of the State and those of the State Treasurer a fund to be known as the "Securities Department Fund." Such fund is to be used for the maintenance, operation, support and improvement of the State Securities Department. Portions of the filing fees collected under the Securities Act are designated as special revenue and deposited into the Securities Department Fund. Currently, the maximum amount of fees deposited into such fund is limited to $2.5 million in each fiscal year. The remainder of the filing fees are deposited into General Revenues. Act 759 of 2003 created the Investor Education Fund. The Investor Education Program is funded from administrative fines assessed under the Securities Act. Fines received in excess of $150,000 are deposited into General Revenues. Pursuant to the Cemetery Act for Perpetually Maintained Cemeteries, as amended, the Securities Commissioner served as a voting member and Secretary of the Cemetery Board. Effective July 1, 2018, the Cemetery Board was merged into a newly created board with the Board of Funeral Directors and Embalmers and the Burial Board. The new board in under the Insurance Department. Pursuant to the Savings and Loan Association Act, Act 227 of 1963, as amended, the Securities Commissioner acts as the Supervisor of savings and loan associations. In 1997, the Savings and Loan Association Act was amended to do away with the Savings and Loan Association Board and transferred the Savings and Loan Associtions Board`s power and authority to the Securities Commissioner.

More>>

Number of Employees: 25-100
Annual Revenue: $1-10 Million

www.securities.arkansas.gov
One Commerce Way Suite 402
Little Rock, AR USA 72202
Phone: 501.324.9260

Similar Companies

USMC

USMC is a Camp Pendleton, CA-based company in the Government sector.

California Office of Administrative Law

Established July 1, 1980, the Office of Administrative Law (OAL) ensures that agency regulations are clear, necessary, legally valid, and available to the public. Since its creation, OAL has been and continues to be responsible for reviewing administrative regulations proposed by over 200 state agencies for compliance with the standards set forth in California’s Administrative Procedure Act (APA), for transmitting these regulations to the Secretary of State and for publishing regulations in the California Code of Regulations. OAL assists state regulatory agencies through a formal training program, as well as through other less formal methods, to understand and comply with the Administrative Procedure Act. OAL also accepts petitions challenging alleged underground regulations–those rules issued by state agencies which meet the Administrative Procedure Act’s definition of a “regulation” but were not adopted pursuant to the APA process and are not expressly exempt. OAL also oversees the publication and distribution, in print and on the Internet, of the California Code of Regulations and the California Regulatory Notice Register.

West Virginia Department of Commerce

We believe there`s no better place to build and grow a business in the Eastern United States than West Virginia. Let us show you why. On this site you`ll find information about the state of West Virginia, from our history and population data to business climate information and key industry profiles. We`ll show you how the West Virginia Department of Commerce partners with companies to develop business in West Virginia. Our strategic location, low cost of doing business, and productive workforce add up to unexpected value and unrivaled advantages.

Mercer County

As New Jersey's capital county, Mercer County is a center for commerce and culture in the Garden State. Located midway between New York City and Philadelphia in New Jersey's center, Mercer County's 12 municipalities are home to more than 366,000 people in 226 square miles in the heart of region with 10% of the US population all within a 75-mile radius. The transportation infrastructure in Mercer County is also excellent. Key corridors along the New Jersey Turnpike in Mercer County are considered the most lucrative commerce centers in the state. In addition, Interstates 95, 195 and 295, as well as state highways routes 1, 29, 31 and 130 make Mercer County more attractive. Mercer County also offers access to commuter rail services, a light rail system and the Trenton-Mercer Airport. With a highly skilled and educated labor pool we're also home to Princeton University, Rider University, The College of New Jersey, Thomas Edison State College and Mercer County Community College. The county holds some of the state's greatest cultural and historic sites with Revolutionary War battle sites in Trenton and Princeton. Recreation and entertainment are abundant with first-class parks, four public golf courses, and the New York Yankees AA-affiliate, Trenton Thunder at Arm & Hammer Park. Sun National Bank Center is ranked among the best performing venues of its size in the world. Mercer County's excellent schools, tourist destinations, and diverse, well educated workforce make our county a great place to live, work and play.

NASA Marshall Space Flight Center

NASA`s Marshall Space Flight Center in Huntsville, Alabama is home to the Space Launch System rocket and proven technical expertise in propulsion, space systems, science and technology.

CTOs on the Move