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Eric Munson has resigned from his position as commissioner of the Arkansas Securities Division. The resignation was effective Tuesday and Munson submitted a letter to his boss, Commerce Secretary Mike Preston.
He has more than 25 years of experience in the securities industry.
The Arkansas Securities Department joined regulators from 42 states to reach settlements with 441 mortgage loan originators nationwide to battle fraud. The mortgage loan originators did not complete continuing education as required under state and federal law.