Laws & RegulationsQuestion 10 of 100
The state Administrator may deny, suspend, or revoke the registration of an agent if the agent:
a.Earns high commissions in a given year
b.Recommends a product the Administrator personally dislikes
c.Has been convicted of a securities-related felony within the past ten years
d.Chooses to work for more than one broker-dealer with proper registration
Explanation
The Administrator may take disciplinary action for enumerated causes, including a securities-related felony conviction within the prior ten years. High commissions or personal preference are not statutory grounds. Registration actions must be based on cause and are subject to notice and hearing rights.
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