Maryland Statutes
Subtitle 2 - Advisers
Section 10-212 - Suspensions and Revocations

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    (c)    An adviser whose license has been revoked may not obtain another license or renew a license for at least 1 year after: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

Structure Maryland Statutes