Section 10-212 - Suspensions and revocations. - Maryland Statutes

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(c)  Effect of revocation.- An adviser whose license has been revoked may not obtain another license or renew a license for at least 1 year after: 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

[An. Code 1957, art. 48A, § 182; 1995, ch. 36.]