The advisory committee shall:

     (1) Serve in an advisory capacity to the director on all matters pertaining to this chapter.

     (2) Acquaint themselves fully with the operations of the director's office as to the administration of securities, broker-dealers, salespersons, and investment advisers, and periodically recommend to the director such changes in the rules and regulations of the department in connection therewith as they deem advisable.

     (3) Prepare and publish a mimeographed report on their recommendations.

[1981 c 272 § 10; 1979 ex.s. c 68 § 40; 1959 c 282 § 58.]