Wisconsin § 551.605 - Rules, forms, orders, interpretative opinions, and hearings.

§ 551.605. Rules, forms, orders, interpretative opinions, and hearings.

551.605(1) (1) Issuance and adoption of forms, orders, and rules. The administrator may do any of the following: 551.605(1)(a) (a) Issue forms and orders and, after notice and comment, adopt and amend rules necessary or appropriate to carry out this chapter, and repeal rules, including rules and forms governing registration statements, applications, notice filings, reports, and other records. 551.605(1)(b) (b) By rule, define terms, whether or not used in this chapter, but those definitions may not be inconsistent with this chapter. 551.605(1)(c) (c) By rule, classify securities, persons, and transactions and adopt different requirements for different classes. 551.605(2) (2) Findings and cooperation. Under this chapter, except as provided under s. 551.412 (4g) (b) , (c) , and (d) , a rule or form may not be adopted or amended, or an order issued or amended, unless the administrator finds that the rule, form, order, or amendment is necessary or appropriate in the public interest or for the protection of investors and is consistent with the purposes intended by this chapter. In adopting, amending, and repealing rules and forms, s.