Arkansas Securities Department

Request for guidance concerning the issuance of shares of stock in the Club based on Ark. Code Ann. § 23-42-(15)(A)(ii).

Request that no enforcement action be taken for the demutualization of mutual life insurance company to stock life insurance company based on rule 504.01(A)(12)(g) of the Rules promulgated under Ark. Code Ann. § 23-42-504(a)(12). 

Response to Application of Sale of Checks Act to payment of bills to agent of bill paying company when funds transmitted electronically.

Request for opinion for whether or not the business activities contemplated require registration under the Arkansas Mortgage Loan Company or Loan Broker Act, Ark. Code Ann. § 23-39-101.

Request for No Action Letter for conversion of Phoenix Home Life Mutual Ins. Co. to a stock life insurance company based on Rule 504.01(A)(12)(g).

Arkansas "Sale of Checks Act", Ark. Code Ann. §§ 23-41-101, et seq., with regard to PayPal service offered by Confinity, Inc. and PayPlace service offered by Dynamic Transactions, Inc.

Request no action that its activities under the Philanthropy Protection Act does not involve the issuance of securities under the Arkansas Securities Act.

Legal opinion that sole shareholder can rely on exemption for additional sales by existing issuer under Rule 504.01(a)(12)(i).

Request for interpretation of  Ark. Code Ann.  § 23-39-306(a)(2), exemption from registration for attorneys.

Request no action position with respect to filing of sales reports for covered securities pursuant to Rule 509.01(A).

Single case "exception" to the agent registration requirements of the Arkansas Securities Act.

Registration requirements for a web-based business based on the Arkansas Mortgage Loan Company and Loan Broker Act, § 23-39-101.

Request clarification that employees performing clerical functions are not required to register as agents. Individuals accepting offers and answering non-clerical inquiries will register as agents of the issuer.

Request for an interpretive opinion that ECO's membership of common stock does not constitute as a security pursuant to Ark. Code Ann. § 23-42-102(15).