June is Elder Abuse Awareness Month, and the Arkansas Securities Department is reminding everyone to be vigilant for signs of elder abuse, including financial exploitation. Elder abuse can take on multiple forms, and it is a social issue that…
Arkansas Securities Department
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Financial Literacy Project Teaches Middle Schoolers to Invest in Themselves
by AMP Staffby AMP StaffOn certain Fridays between December and May, students funneled into the library at Dunbar Magnet Middle School in Little Rock to learn about financial literacy. Twenty-four sixth, seventh and eighth-grade students volunteered for a 12-lesson pilot program to learn skills…
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Crouch Named General Counsel for Arkansas Securities Department
by AMP Staffby AMP StaffThe Arkansas Securities Department (ASD) has promoted Amber Crouch to general counsel following the retirement of the ASD’s long-serving chief attorney, David Smith. As general counsel, Crouch will supervise the staff attorneys and manage the legal affairs of the ASD.…
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State Securities Department Promotes Financial Literacy Month in April
The Arkansas Securities Department is supporting ‘Financial Literacy Month’ throughout April by promoting financial literacy and investor education. During this year’s Financial Literacy Month campaign, the ASD highlights its series of investor advisories, including its newest advisory focused on reassigned…
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State Warns of Cyber Risk, Investment Threats Related to Ukraine Conflict
During this time of troubling international conflict, the Arkansas Securities Department cautions investors and securities firms to be vigilant of increased threats from cyber-attacks and potential investment scams. “Difficult times can bring out the best in people, but as regulators…
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State Enters $50M Settlement with BlockFi, Affecting 1,699 Arkansas Investors
by AMP Staffby AMP StaffBlockFi Lending LLC, a digital-asset financial services company, agreed to a $50 million settlement that affects more than 1,699 Arkansas residents, the Arkansas Securities Department announced Tuesday. BlockFi agreed to work with the ASD to settle offers and sales of…
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Online Cryptocurrency Arbitrage Firm Ordered to Stop Selling Securities in Arkansas
by Tyler Haleby Tyler HaleAn online cryptocurrency arbitrage company has been ordered to cease and desist selling unregistered securities in Arkansas. The Arkansas Securities Department filed the cease and desist order against Arbirate, a limited liability company that is registered with the Arkansas Secretary…
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Online Investment Company Ordered to Cease Securities Trading in Arkansas
by Tyler Haleby Tyler HaleThe Arkansas Securities Department has issued a cease and desist order against an online asset trading platform, instructing the company to stop selling unregistered securities in Arkansas. Issued on Oct. 21, the order states that legalbitcoinmining.com (LBM), an online company…
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Munson Named Arkansas Securities Department Commissioner
by AMP Staffby AMP StaffA new commissioner for the Arkansas Securities Department has been named. Arkansas Secretary of Commerce Mike Preston has named Eric Munson as the new commissioner. Munson will be taking over the role from Edmond Waters, who held the commissioner position…