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109.00.4-IX. APPROVED LIST OF SECURITIES DEALERS.

AR ADC 109.00.4-IXArkansas Administrative Code

West's Arkansas Administrative Code
Title 109. Development Finance Authority
Division 00.
Rule 4. Investment Policy - General Fund
Ark. Admin. Code 109.00.4-IX
109.00.4-IX. APPROVED LIST OF SECURITIES DEALERS.
Currentness
On an annual basis, a list of authorized securities dealers will be submitted to the Board of Directors for approval. All transactions will normally be made on a delivery versus payment basis. Approved security dealers will be selected based upon the following:
A. The ability of the securities dealer to fulfill its commitment as evidenced by its capital strength, liquidity, and operating results;
B. The dealer's general reputation for financial stability and fair and honest dealings with customers; and
C. The background and expertise of the securities dealer's sales representative with whom business will be conducted.
The standing of each dealer with the Arkansas Securities Commission will be reviewed on an annual basis before the firm is reaffirmed on the approved list of dealers.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 109.00.4-IX, AR ADC 109.00.4-IX
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