Arkansas Securities Commissioner Resigns – Talk Business & Politics

Less than two years in the role, Arkansas Securities Commissioner Eric Munson resigned from his position effective March 22, 2022. A spokesperson for the agency confirmed his departure to Talk Business & Politics Friday, March 25.

In a letter dated March 22, Munson tendered his resignation to Arkansas Commerce Secretary Mike Preston.

“This letter confirms my resignation as commissioner of the Arkansas Securities Division so that I can pursue other opportunities. We have agreed that a notice period is not required, therefore, my resignation takes effect immediately.

“I want to thank Governor Hutchinson and yourself for giving me the opportunity to serve as Securities Commissioner. If there is anything I can do to help you or the Governor in the future, please don’t hesitate to contact me.

Munson was appointed new commissioner of the Arkansas Department of Securities, a division of the Department of Commerce, in May 2020. He replaced Edmond Waters, who had served as commissioner since February 2015.

“Securities Commissioner Eric Munson has resigned from his position at the Department of Commerce effective March 22 to focus on his family and pursue new future opportunities,” Commerce Secretary Mike Preston told Talk Business & Politics. “I appreciate his service to Commerce and wish him good luck in his future endeavours.”

Munson was previously an investment banker at Stephens Inc. in their public finance department as a financial advisor, underwriter and placement agent for Arkansas municipal bond issues. He was also a financial consultant and registered representative at Smith Barney (now JP Morgan).

Munson worked as Senior Vice President and Director of Legislation and Regulation for the Arkansas Bankers Association (ABA) where he oversaw the association’s government relations program.

The Arkansas Department of Securities is responsible for implementing and supervising the Arkansas Securities Act, Arkansas Fair Mortgage Lending Act, Arkansas Money Services Act, Arkansas Savings and Loan Act and Arkansas Credit Union Act.

The department regulates the sale of securities, securities brokerage firms and their agents, state-registered investment advisers and their representatives, mortgage companies and their loan officers, money services companies and state-chartered credit unions and savings and loans.

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