- (a) The Securities Commissioner presides at the hearing and may rule on motions, require briefs, and issue such orders as will ensure the orderly conduct of the proceedings, provided, however, any hearing officer other than the commissioner shall not enter a dispositive order or proposed decision unless expressly authorized in writing to do so.
- (b) All objections must be made in a timely manner and stated on the record.
- (c) Parties have the right to participate or to be represented by an attorney in hearings or prehearing conferences related to their case.
(d) Subject to the terms and conditions prescribed by the Arkansas Administrative Procedure Act, Arkansas Code § 25-15-201 et seq., parties have the right to:
- (1) Introduce evidence on issues of material fact;
- (2) Cross-examine witnesses as necessary for a full and true disclosure of the facts;
- (3) Present evidence in rebuttal;
- (4) Engage in oral argument; and
- (5) Upon request, may submit briefs.
- (e) The commissioner is charged with maintaining the decorum of the hearing and may refuse to admit, or may expel, anyone whose conduct is disorderly.