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23-42-303. Minimum net capital requirement.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-42-303. Minimum net capital requirement.
(a) The Securities Commissioner shall require a minimum net capital for registered broker-dealers in such amount as he or she may by rule prescribe and for registered investment advisers in the amount of twelve thousand five hundred dollars ($12,500).
(b) However, subsection (a) of this section shall not apply to any registered investment adviser which maintains its principal place of business in a state other than Arkansas that:
(1) Is registered or licensed as such in the state in which it maintains its principal place of business; and
(2) Is in compliance with the applicable net capital requirements of the state in which it maintains its principal place of business.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-42-303
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-42-303
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3bc9d73ba549a49d6e69d687e08866aa980e220d5a4708f7a47c675c22d10436
Source location: content.xml paragraph 20698
Stored source content
23-42-303. Minimum net capital requirement.
(a) The Securities Commissioner shall require a minimum net capital for registered broker-dealers in such amount as he or she may by rule prescribe and for registered investment advisers in the amount of twelve thousand five hundred dollars ($12,500).
(b) However, subsection (a) of this section shall not apply to any registered investment adviser which maintains its principal place of business in a state other than Arkansas that:
(1) Is registered or licensed as such in the state in which it maintains its principal place of business; and
(2) Is in compliance with the applicable net capital requirements of the state in which it maintains its principal place of business.
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