Administrative Actions

What this video covers

• The administrator's arsenal against people versus products: why bar, censure, and restrict apply to registrants but not to securities registrations
• The two-part disciplinary formula: how public interest alone is never enough without a specific statutory ground, and neither element suffices on its own
• The 10-year lookback for felony and misdemeanor convictions, and why any felony counts while a misdemeanor must involve a security or the securities business
• Why personal insolvency of an individual agent or investment adviser representative does not sink the broker-dealer or investment adviser firm itself
• Due process requirements: prior notice, hearing rights, written findings, and the 60-day window for petitioning judicial review of a final order
• Why filing for judicial review does not automatically stay an administrator's order, and the policy reason protecting investors from continued harm during appeal
• Emergency summary orders as the exception to prior hearing rules, and the 15-day administrator deadline to set a hearing only after a written request
• Cease and desist orders and their broader reach to any person, including unregistered individuals, not just current registrants or applicants
• The non-punitive nature of cancellation versus voluntary withdrawal and punitive revocation