§ 10-212. Suspensions and revocations

   (a) In general. -- Subject to the hearing provisions of Title 2 of this article, the Commissioner may suspend or revoke a license if the licensee:

   (1) has violated this article;

   (2) has violated any law while acting as an adviser;

   (3) has made a material misstatement in the application for the license;

   (4) has been guilty of fraudulent or dishonest practices; or

   (5) has demonstrated incompetency or untrustworthiness to act as an adviser.

(b) Filing complaint. --

   (1) Any licensee or any person aggrieved may file with the Commissioner a verified complaint that states facts that show sufficient grounds to suspend or revoke a license.

   (2) On the filing of a complaint, the Commissioner, after notice and hearing, shall determine whether to suspend or revoke the license.

(c) Effect of revocation. -- An adviser whose license has been revoked may not obtain another license or renew a license for at least 1 year after:

   (1) the date of revocation, if there is no judicial review; or

   (2) the final determination in the judicial proceeding confirming the revocation, if there is judicial review.

HISTORY: An. Code 1957, art. 48A, § 182; 1995, ch. 36.