The commission shall have the additional authority and power to suspend, revoke, or place on probation the license of any licensee licensed under this chapter, who in the discretion of the commission:

(a) Fails to obey any lawful order of the commission, the secretary, or any inspector thereof;

(b) Is guilty of gross immorality;

(c) Lacks the requisite fitness, skill, knowledge, or ability to safely, properly, and competently promote, hold, conduct, engage, act, manage, contend in, judge, referee, officiate, or otherwise participate in a boxing or mixed martial arts contest;

(d) Violates any provision of this article or the rules of the commission;

(e) Secures any benefit, payment, reimbursement, agreement, contract, license, or title for himself, herself, or another related to a boxing or mixed martial arts contest, exhibition, or match through fraud, deceit, or material misrepresentation;

(f) Has a direct or indirect financial interest in the outcome or result of any boxing or mixed martial arts contest, exhibition, or event that he or she promotes, holds, or conducts;

(g) Has a direct or indirect financial interest in the outcome or result of any boxing or mixed martial arts contest, exhibition, or event in which he or she acts as a judge, referee, deputy, inspector, timekeeper, scorekeeper, or other official;

(h) Contracts, agrees, acts, engages, or attempts to promote, manage, train, or match any boxer or mixed martial artist without disclosing, through a written instrument, any direct or indirect financial interest in conflict with the boxer"s or mixed martial artist"s health, safety, competitive, or financial interests;

(i) Is licensed as a promoter and has a direct or indirect financial interest in the management of any boxer or mixed martial artist licensed by the commission;

(j) Is licensed as a manager and has a direct or indirect financial interest in the promotion of any boxing or mixed martial arts contest, exhibition, or match sanctioned by the commission: Provided, That a manager may receive any compensation expressly agreed to and disclosed in a written contract between the boxer and manager: Provided, however, That nothing in this section shall prohibit a boxer or mixed martial artist from acting as his own promoter or manager;

(k) Violates any provision of the Muhammad Ali Boxing Reform Act of 2000, 15 U.S.C. §6301 et seq.;

(l) Has been convicted of a felony or misdemeanor involving moral turpitude in any jurisdiction within one year preceding the suspension or revocation and such conviction not previously reported to the commission by said licensee;

(m) Is an habitual drunkard or addicted to the use of narcotics;

(n) Is or has become mentally incompetent;

(o) Is or has been guilty of unprofessional or unethical conduct, or such conduct as to require a suspension or revocation of license in the interest of the public;

(p) Has failed to furnish the proper party a copy of any contract or statement required by this chapter or the rules and regulations promulgated hereunder, or has breached such a contract;

(q) Has loaned or permitted another person to use his or her license, or has borrowed or used the license of another;

(r) Has failed to maintain in force the bond required by this chapter;

(s) Has by act or omission conducted himself or herself in a manner which would tend to be detrimental to the best interests of boxing generally, or to the public interest and general welfare;

(t) Has been disciplined in any manner by the boxing commission or similar agency or body of any jurisdiction;

(u) Has failed to pay a fine or forfeiture imposed by this chapter;

(v) Has, either within or without this state, by any act, threat, statement, or otherwise, restrained, hindered, interfered with, or prevented another promoter, club, association, or booking agent, or has attempted, either within or without this state, in any such manner to restrain, hinder, interfere with, or prevent another promoter, club, association, or booking agent from presenting any boxing match or exhibition within or without the state of West Virginia;

(w) Has, either within or without this state, engaged, directly or indirectly, in restraints or monopolies or taken any action tending to create or establish restraints or monopolies or conspired with others to restrain any person or persons from participating or competing in any boxing match or exhibition for any promoter, club, association or booking agent.