Laws & RegulationsPregunta 96 de 110
Under the Uniform Securities Act, the Administrator may deny, suspend, or revoke a registration for which reason?
a.The applicant earns a high income
b.The applicant charges asset-based fees
c.The applicant refuses to accept discretionary accounts
d.The applicant has been convicted of a securities-related felony or engaged in dishonest practices
Explicación
The Administrator may deny, suspend, or revoke a registration when it is in the public interest and specific statutory grounds exist, such as a securities-related felony conviction, fraudulent or dishonest conduct, or willful violations of the act. Lawful business choices like charging asset-based fees are not grounds. These provisions safeguard investors and market integrity.
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