From the website:
The Arkansas Securities Department is responsible for the regulation of the securities industry in the state, to protect the financial well being of Arkansas citizens, and promote an environment where the financial and capital markets function efficiently and without unnecessary regulatory impediments. The Arkansas Securities Department also regulates mortgage loan companies, money services companies, foreign savings and loan banks, state chartered credit unions, and state chartered savings and loan associations. The Arkansas Securities Department is responsible for the registration of securities brokerage firms, their salesmen, and the securities they sell, such as stocks, bonds, and mutual funds. To protect the Arkansas investor, the Arkansas Securities Department is responsible for the investigation of investor complaints and the enforcement of Arkansas securities statutes and rules.