# Corporations and Associations (GCA)

## Title 11. Maryland Securities Act

### Subtitle 4. Requirements of Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers

#### Section 11-414

(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 Sec. 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.

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Md. Code Ann., Corps. & Ass'ns (as displayed at mgaleg.maryland.gov, October 16, 2026)