Arkansas Securities Department Updates Active Orders List: Bixby Technologies Added, Donlon Removed
Summary
The Arkansas Securities Department updated its active orders webpage to add a new Consent Order against Bixby Technologies, Inc. for a late exemption filing dated April 23, 2026. The Patrick Terrance Donlon Settlement Agreement and Consent Order, which permanently barred his licensure for Fair Mortgage Lending Act violations, was removed from the active orders list. These changes reflect the current enforcement posture of the Arkansas Securities Commissioner.
“A Consent Order entered against an issuer of securities for a late exemption filing with the Department pursuant to Ark. Code. Ann. § 23-42-504(a)(9) and Rule 23 CAR § 300-504(b)(1)(I).”
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GovPing monitors AR Securities Regulator for new securities & markets regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 8 changes logged to date.
What changed
The Arkansas Securities Department added a new Consent Order against Bixby Technologies, Inc. dated April 23, 2026, for a late exemption filing under Ark. Code Ann. § 23-42-504(a)(9) and Rule 23 CAR § 300-504(b)(1)(I). Simultaneously, the Patrick Terrance Donlon Settlement Agreement and Consent Order, which permanently barred licensure for Fair Mortgage Lending Act violations, was removed from the active orders list.
Securities issuers and exemption filers operating in Arkansas should be aware that the Arkansas Securities Commissioner actively monitors and enforces timely compliance with exemption filing requirements. Firms with pending or recently filed securities exemptions in Arkansas should verify their filings are complete and submitted within applicable deadlines to avoid similar consent orders.
Archived snapshot
Apr 28, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Page: Arkansas Securities Orders
Change summary: The Arkansas Securities Department added a new Bixby Technologies Consent Order for a late exemption filing. The Patrick Terrance Donlon Settlement Agreement and Consent Order was removed from the active orders list.
[INSERTS] A Consent Order entered against Bixby Technologies, Inc. for a late exemption filing with the Arkansas Securities Department pursuant to Ark. Code. Ann. § 23-42-504(a)(9) and Rule 23 CAR § 300-504(b)(1)(I).
[DELETES] Settlement Agreement and Consent Order permanently barring Patrick Terrance Donlon's licensure removed from the active orders list. The order addressed violations of the Fair Mortgage Lending Act.
Page context:
Bixby Technologies, Inc.
04/23/2026
A Consent Order entered against an issuer of securities for a late exemption filing with the Department pursuant to Ark. Code. Ann. § 23-42-504(a)(9) and Rule 23 CAR § 300-504(b)(1)(I).
Emerja Corporation
04/17/2026
A Consent Order entered against an issuer of securities for a late exemption filing with the Department pursuant to Ark. Code. Ann. § 23-42-504(a)(13) and Rule 23 CAR § 300-504(b)(1)(M)(ii)(n).
Ryan Alan Bowell
03/30/2026
An Order entered by the Arkansas Securities Commissioner granting a limited agent registration.
Monument Traders Co. Pty. Ltd., Windsor Advisors Group LLC, and Lance Brokaw
03/16/2026
A Cease and Desist Order directing Respondents to immediately Cease and Desist from the fraudulent sale and use of proceeds of unregistered securities in the form of investment contracts to Arkansas investors.
New Horizon Asset Management, LLC and Chad R. Amerson
03/12/2026
A Consent Order entered in connection with violations of the Arkansas Securities Act.
EzyRemit Worldwide Inc.
03/06/2026
A Cease and Desist Order directing EzyRemit Worldwide Inc. to immediately cease and desist from all money transmitter activity in Arkansas until properly licensed.
NewEraEducation.com
03/05/2026
A Cease and Desist Order directing NewEraEducation.com Worldwide Inc. to immediately cease and desist from all money transmitter activity in Arkansas until properly licensed.
Etorort.com
02/11/2026
A Cease and Desist Order directing Etorort.com to immediately cease and desist from all money transmitter activity in Arkansas until properly licensed.
RBC Capital Markets, LLC
02/05/2026
A Consent Order entered in connection with RBC Capital Market LLC’s failure to establish and maintain a system to reasonably supervise its agents.
[S-25-0018-26-OR01](https://securities.arkansas.gov/wp-content/uploads/2026/02/S-25-0018-26-OR01-ex...
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