AR HB1800

Reduces Securities Department Fund cap from $4,000,000 to $2,500,000 annually and adds notice filing fees and penalties as revenue sources

Creates new exemption for out-of-state broker-dealers with no Arkansas place of business that effect transactions with no more than 3 persons in the state during any 12-month period

Repeals definition of "farm cooperative" and replaces it with broader "cooperative" definition covering business corporations and entities organized under Arkansas cooperative laws

Adds new section 23-42-309 establishing protections for vulnerable adults (age 65+) from financial exploitation, including authority for broker-dealers and investment advisers to delay disbursements when exploitation is suspected

Modifies judicial review timeline from 60 days to 30 days for appeals of Securities Commissioner final orders and adjusts various penalties and fee structures for securities registration and filings