Arkansas investors are protected by federal and state law and regulations. State securities laws are referred to as "Blue Sky Law." A brief overview of these investor protections include:
The Arkansas Securities Act which is a state law that concerns the offer and sale of any securities in Arkansas. The Act's propose is to protect investors by requiring that any securities offered or sold must be registered with the Arkansas Securities Department unless they qualify for an exemption. The Act also includes a general prohibition on fraud, misrepresentations, and omissions in connection with the sale of securities.
Some of the key provisions of the Arkansas Securities Act include:
Registration requirement: Securities offered or sold in Arkansas must be registered with the state unless they qualify for an exemption.
Antifraud provisions: The Act prohibits fraud, misrepresentations, and omissions in connection with the sale of securities.
Exemptions: The Act provides a number of exemptions from the registration requirement, such as intrastate offerings and private offerings.
Investment adviser registration: The Act requires investment advisers to register with the state.
Enforcement: The Arkansas Securities Department enforces the Arkansas Securities Act through investigations and prosecutions of securities fraud.
Private right to sue for violations of the Act. Given the complexity of these lawsuits, retaining a private securities attorney is essential.
In addition to the Arkansas Securities Act, investor protections under federal securities laws and regulations include:
Contact our firm to discuss your legal rights to recover investment losses under these laws and regulations.