§ 11–414
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 11-414 (2026)
Title 11. Maryland Securities Act
Subtitle 4. Requirements of Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers
§ 11–414LinkCopy 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.