LegalFix
Sign In

§ 11-414. Cancellation of registration or application; abandonment of notice filing

MD Corp & Assn Code § 11-414 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    By order, the Commissioner may cancel a registration or application, if the Commissioner finds that the applicant or registrant:

(1)    Has abandoned the application;

(2)    Is no longer in existence;

(3)    Has ceased to do business as a broker-dealer, agent, investment adviser, or investment adviser representative;

(4)    Is subject to an adjudication of mental incompetence or the control of a committee, conservator, or guardian; or

(5)    Cannot be located after reasonable search.

(b)    The Commissioner may deem abandoned a notice filing that a federal covered adviser has filed under § 11-405 of this subtitle, if the Commissioner finds that the federal covered adviser:

(1)    Has abandoned the notice filing;

(2)    Is no longer in existence;

(3)    Has ceased to do business as a federal covered adviser;

(4)    Is subject to adjudication of mental incompetence or to the control of a committee, conservator, or guardian; or

(5)    Cannot be located after a reasonable search.

Previous Section
§ 11-413. Summary postponement or suspension
Next Section
§ 11-415. Withdrawal from registration