§ 17-4-608 — Uniformity and cooperation with other agencies

(a) The secretary of state shall, in his discretion,
cooperate, coordinate, consult, and, subject to W.S. 17-4-607,
share records and information with the securities regulator of
another state, Canada, a Canadian province or territory, a
foreign jurisdiction, the securities and exchange commission,
the United States department of justice, the commodity futures
trading commission, the federal trade commission, the securities
investor protection corporation, a self-regulatory organization,
a national or international organization of securities
regulators, a federal or state banking and insurance regulator,
and a governmental law enforcement agency to effectuate greater
uniformity in securities matters among the federal government,
self-regulatory organizations, states, and foreign governments.
(b) In cooperating, coordinating, consulting, and sharing
records and information under this section and in acting by
rule, order, or waiver under this act, the secretary of state
shall, in its discretion, take into consideration in carrying
out the public interest the following general policies:
(i) Maximizing effectiveness of regulation for the
protection of investors;
(ii) Maximizing uniformity in federal and state
regulatory standards; and
(iii) Minimizing burdens on the business of capital
formation, without adversely affecting essentials of investor
protection.
(c) The cooperation, coordination, consultation, and
sharing of records and information authorized by this section
includes:
(i) Establishing or employing one (1) or more
designees as a central depository for registration and notice
filings under this act and for records required or allowed to be
maintained under this act;
(ii) Developing and maintaining uniform forms;
(iii) Conducting a joint examination or
investigation;
(iv) Holding a joint administrative hearing;
(v) Instituting and prosecuting a joint civil or
administrative proceeding;
(vi) Sharing and exchanging personnel;
(vii) Coordinating registrations under W.S. 17-4-301
and 17-4-401 through 17-4-404 and exemptions under W.S.
17-4-204;
(viii) Sharing and exchanging records, subject to
W.S. 17-4-607;
(ix) Formulating rules, statements of policy,
guidelines, forms, and interpretative opinions and releases;
(x) Formulating common systems and procedures;
(xi) Notifying the public of proposed rules, forms,
statements of policy, and guidelines;
(xii) Attending conferences and other meetings among
securities regulators, which may include representatives of
governmental and private sector organizations involved in
capital formation, deemed necessary or appropriate to promote or
achieve uniformity; and
(xiii) Developing and maintaining a uniform exemption
from registration for small issuers, and taking other steps to
reduce the burden of raising investment capital by small
businesses.