Denial, Suspension, Revocation, and Cancellation of Agent Registration

What this video covers

• Why every disciplinary action requires both a public-interest finding and a specific statutory ground, and why neither prong alone is ever enough
• Which crimes count as statutory grounds: any felony versus only securities-related misdemeanors, and the 10-year look-back period for domestic issues
• Why insolvency of an individual agent is a valid ground against the agent but cannot be used against the employing broker-dealer firm
• The difference between cancellation (non-punitive housekeeping: death, disappearance, mental incompetence) and revocation (punitive, two-prong required, permanent record stain)
• The mandatory three-step sequence before standard discipline: notice, opportunity for hearing, then written findings of fact and conclusions of law
• How summary suspension flips the order (discipline before hearing), and the 15-day rule that governs when the Administrator must schedule the hearing after a written request
• Why an agent cannot withdraw to escape a pending proceeding, the 30-day withdrawal window, and how the Administrator retains jurisdiction for one year after effective withdrawal
• The 90-day anti-sandbagging rule: its limits to initial registration only, final orders only, and why it never applies to annual renewals