(a) The Securities Commissioner shall administer this chapter.(b) The commissioner may: (1) Make, amend, and rescind any rules, forms, and orders that the commissioner deems necessary or appropriate to carry out this chapter, including without limitation rules and forms governing applications and reports; and(2) Define any terms, whether or not used in this chapter, if consistent with this chapter.(c) A rule, form, or order shall not be made, amended, or rescinded unless the commissioner finds that the action is:(1) Necessary or appropriate in the public interest or for the protection of consumers; and(2) Consistent with the purposes fairly intended by the policy and provisions of this chapter.(d) All rules and forms of the commissioner shall be published.Acts 2009, No. 486, § 4.
Arkansas Legal Code