(1)    Investigations and hearings. Subject to the rules promulgated under s. 440.03 (1), the department may conduct investigations and hold hearings to determine whether a violation of this subchapter or any rule promulgated under this subchapter or a violation of any other law that substantially relates to the operation of a transportation network company or to transportation network services has occurred.

   (2)   Discipline. Subject to the rules promulgated under s. 440.03 (1), the department may reprimand a licensed company or deny, limit, suspend, or revoke a license granted under s. 440.415 if the department finds that an applicant for licensure or a licensed company has done any of the following:

      (a)    Intentionally made a material misstatement in an application for a license or license renewal.

      (b)    Advertised in a manner that is false or misleading.

      (c)    Obtained or attempted to obtain compensation through fraud or deceit.

      (d)    Violated this subchapter or any rule promulgated under this subchapter or violated any other law that substantially relates to the operation of a transportation network company or to transportation network services.

      (e)    Failed to cooperate with the department, or failed to timely respond to a request for information by the department, in connection with an investigation under this section.

   (3)   Forfeitures. In addition to or in lieu of a reprimand or other action under sub. (2), the department may assess against a licensed company, for the violations enumerated under sub. (2), a forfeiture of not more than $1,000 for each separate offense.