Denial, Suspension, and Revocation of Registration of Persons

What this video covers

• The two-prong test: why both a public-interest finding and a specific statutory ground are always required, and how the exam tricks you with just one
• The six administrative actions available: denial, suspension, revocation, barring, censure, and restriction or limitation of activities
• The meaning of "willfully" on the Series 63: intentional act, not intentional violation of law, and why an accident still qualifies
• The 10-year lookback for criminal convictions, and the critical distinction that any felony counts while misdemeanors must involve securities
• Why lack of experience alone can never deny registration, and how training and knowledge can save a rookie
• The insolvency rule: personal insolvency grounds against an agent but not the firm, and the entity-specific requirement
• Summary suspension procedure: immediate effect, no prior hearing, and the 15-day Administrator deadline to schedule a hearing after receiving a written request
• Cancellation versus withdrawal, the 30-day delayed effective date for withdrawal, and the 1-year lookback for willful violations after withdrawal becomes effective