Maryland Statutes
Subtitle 3 - Representatives
Section 26-307 - Denials and Revocations

(a)    Subject to subsection (c) of this section, the Commissioner shall deny a registration to an appointee or revoke the registration of a registered representative if the Commissioner, for cause and after a hearing, determines that the appointee or representative:
        (1)    has made a false or misleading statement about the services offered by, or the business of, the licensee represented by the appointee or representative;
        (2)    has been convicted of a crime involving moral turpitude; or
        (3)    is otherwise unsuitable to act as a representative.
    (b)    If the Commissioner denies or revokes a registration under this section, the Commissioner shall notify the licensee and the representative or appointee of the denial or revocation in writing.
    (c)    The Commissioner need not deny or revoke a registration under this section if the Commissioner concludes, based on all the facts and circumstances, that the public interest would not be served by the denial or revocation.

Structure Maryland Statutes