(a) The Securities Commissioner will conduct the hearing in the following manner:

1. (1) The commissioner will give an opening statement, briefly describing the nature of the proceedings;
2. (2) The parties are to be given the opportunity to present opening statements;
3. (3) The parties will be allowed to present their cases in the sequence determined by the presiding officer;
4. (4) Each witness must be sworn or affirmed by the commissioner, or the court reporter, and be subject to examination and cross-examination as well as questioning by the commissioner;
5. (5) The commissioner may limit questioning in a manner consistent with the law;
6. (6) When all parties and witnesses have been heard, parties may be given the opportunity to present final arguments; and
7. (7) The commissioner may, at any time prior to the rendering of a final decision, reopen the hearing upon the motion of the commissioner or any party for good cause shown.