LITTLE ROCK — The Democratic Party of Arkansas says State Treasurer Martha Shoffner should resign following her arrest over the weekend.

Chairman Will Bond says the party is "shocked and disturbed" by allegations listed in an affidavit filed Monday in federal court. The affidavit alleges that Shoffner, a Democrat, accepted $36,000 in cash payments from a broker who invested state money.

Bond says that although Shoffner has the right to be presumed innocent, Arkansas taxpayers should have confidence in their state finances. He says Shoffner should resign "to restore public trust."

Shoffner did not enter a plea Monday but her attorney says she'll plead not guilty at the appropriate time. She told reporters after Monday's hearing that she did not intend to resign.