Stop order denying, suspending, or revoking registration statement — General provisions
Arkansas Code § 23-42-204
(a) General policy.
- (1) Each application for registration shall comply with the requirements of the Arkansas Securities Act, Arkansas Code § 23-42-101 et seq., and this part unless a request for deviation from a rule is requested and granted by the Securities Commissioner.
- (2) Any unauthorized deviation from the requirements of the Arkansas Securities Act and this part shall be grounds for the issuance of a stop order denying, suspending, or revoking the registration statement.
- (b) Other causes for denial, suspension, or revocation. In addition to an action pursuant to subsection (a) of this section, the commissioner may issue a stop order denying effectiveness to, or suspending or revoking the effectiveness of, any registration statement for any cause stated in Arkansas Code § 23-42-405(a) of the Arkansas Securities Act, whether similar to or different from the causes enumerated in this part when necessary or appropriate in the public interest or for the protection of purchasers.
- (c) Rules of practice and procedure regarding denial, suspension, or revocation. The rules of practice and procedure to be followed in proceedings for the denial, suspension, or revocation of effectiveness of any registration statement are set forth in 23 CAR § 300-601.