The provisions of this chapter shall not apply to the following:(1) Transactions involving the sale or transfer of precious metals by a wholesale jeweler to a retail jeweler or licensed dealer;(2) Transactions involving coins regardless of whether or not such coins contain precious metals;(3) Any financial institution which is covered by federal or state deposit insurance;(4) Any person doing business under the laws of this state or the United States relating to any broker-dealer or commodity futures commission merchant or commodity trading advisor or agent duly registered and regulated by the State Securities Department or the United States Commodity Futures Trading Commission; or(5) Pawn brokers.Acts 1981, No. 87, § 1; 1981, No. 541, § 1; A.S.A. 1947, § 71-5401; Acts 1991, No. 729, § 1; 2011, No. 1037, § 2.
Arkansas Legal Code