Sale of unregistered nonexempt securities

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Financial Institutions And Securities
  5. Arkansas Securities Act
  6. Regulation of Transactions
  7. Sale of unregistered nonexempt securities

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It is unlawful for any person to offer or sell any security in this state unless:

  1. (1) It is registered under this chapter;

  2. (2) The security or transaction is exempted under § 23-42-503 or § 23-42-504; or

  3. (3) It is a covered security.


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